107

What did you have to learn the hard way? (lemmy.world)

submitted 4 months ago by owenfromcanada@lemmy.world to c/asklemmy@lemmy.world

96 comments fedilink hide all child comments

Bonus points if someone warned you and you went ahead anyway.

you are viewing a single comment's thread
view the rest of the comments

[-] mysticpickle@lemmy.ca 8 points 4 months ago

Wait so you've been paying $6,000 per year towards a $30,000 loan for 20 years and the balance has only grown since then? Jesus what was the interest rate on that albatross? Is it higher than 20%?

[-] BertramDitore@lemmy.world 6 points 4 months ago

The interest rate is variable, it goes up and up and up. And to those suggesting I just refinance, oh I've tried. I've had three refinancing applications denied in the last month alone.

And any federal forgiveness would not apply to this private loan, so yeah, a decision I made when I was barely an adult will haunt me for the rest of my life.

[-] Guest_User@lemmy.world 6 points 4 months ago

I mean at that point wouldn't it make sense to get a private bank loan to pay off the other loan with a much lower interest rate?

this post was submitted on 03 Aug 2024

107 points (97.3% liked)

Ask Lemmy

27268 readers

3163 users here now

A Fediverse community for open-ended, thought provoking questions

Rules: (interactive)

1) Be nice and; have fun

Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them

2) All posts must end with a '?'

This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?

3) No spam

Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.

4) NSFW is okay, within reason

Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].

5) This is not a support community.

It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.

6) No US Politics.

Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online

Reminder: The terms of service apply here too.