I doubt the majority of you can even respond to this, but has anyone else had to deal with student loans in the past?
I did undergrad University studies for five years and took a student loan for four, although the first year I had a scholarship that covered all of my tuition so the loan was minimal. Anyways, I graduated about six months ago, and recently a lovely letter arrived in the mail...
I owe approximately $25,290.00 Canadian from the loan. I expected that honestly, so it's not much of a surprise. What was a surprise was the evil comment that accompanied my letter, basically stating "even if you haven't been able to pay until now, we've been charging you interest for the past six months". So... from interest alone, add an extra $1,103.06 to my oweings -.-
First they steal mounds of money from me at work due to income taxes, now this? Why doesn't the worker ever get a break? >_>
I'm planning to make a lump sum payment of about $6000-$7000 or so to start off, then continue to do so every month or two. I can't stand the idea of that much money hanging over me at such a high interest rate (8.750% >>). I also don't want to be one of these people who's paying off student loans until I'm 30+ x.x
Student loans are fun. I couldn't have gone to University without one, but man... ouch
I did undergrad University studies for five years and took a student loan for four, although the first year I had a scholarship that covered all of my tuition so the loan was minimal. Anyways, I graduated about six months ago, and recently a lovely letter arrived in the mail...
I owe approximately $25,290.00 Canadian from the loan. I expected that honestly, so it's not much of a surprise. What was a surprise was the evil comment that accompanied my letter, basically stating "even if you haven't been able to pay until now, we've been charging you interest for the past six months". So... from interest alone, add an extra $1,103.06 to my oweings -.-
First they steal mounds of money from me at work due to income taxes, now this? Why doesn't the worker ever get a break? >_>
I'm planning to make a lump sum payment of about $6000-$7000 or so to start off, then continue to do so every month or two. I can't stand the idea of that much money hanging over me at such a high interest rate (8.750% >>). I also don't want to be one of these people who's paying off student loans until I'm 30+ x.x
Student loans are fun. I couldn't have gone to University without one, but man... ouch