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Oh, and he (the author) whines that after 2 years of paying $400/mo he's only whittled away the principle by $2K? What kind of econ major is he that he doesn't understand that curve of time vs. principle? Of course the principle is barely scratched and close to where he started. That's the way the math is supposed to work.
edit: Don't get me wrong. The cost of education is ridiculous today. There is little useful counseling of students regarding how loans work. And there are frequent times where I feel that the American Dream is increasingly out of reach. These are potentially very PARFy topics. But no, I don't feel that sorry for this guy regarding his student loans. Buck up.
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Last edited by Noah930; 04-19-2014 at 11:51 PM..
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