when they first took it out. The online survey polled 2,007 American millennials born between 1982 and 2000, fielded to a third-party sample between November 22 and November 27, 2019.
It can be difficult to envision what repayment will look like when it seems so far away, especially if you're self-taught when it comes to personal finance — the case for 37% of millennials in the survey. "If I knew I would pay back more than double, I may have chosen a different school," she said. "The compound-interest factor and the actual payback was a huge surprise."There's no denying the power interest rates have on overall repayment. Interest rates are the amount you pay to take out the loan,The way interest adds up depends on the type of loan you take out. Unsubsidized loans start accruing interest the day the loan is dispersed to your bank account.
Um this goes back to the 80s and 90s. None of us knew what we were getting into with students loans. Stop acting like this is something new! Y'all be doing the most with this ageism.
PredatoryLending No job, no work history, no doc loans indenture young adults often into perpetuity. Slave2System MAGA
MasterYourMoney Millennials
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