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Many Senior Citizens Expect To Die With College Loan Debts.
(portside.org)
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this post was submitted on 12 Sep 2023
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Not from the USA... what's the interest rate on student loans? I mean, if you can afford a mortgage and to put money aside (article is about seniors, so not people purchasing a home now), how come you're unable to reimburse your debt?
What makes you think they own a home? A ton of seniors live in rent controlled places and still barely get by.
The interest rate on my federal direct student loans is 6.8% on half of them (undergrad) and ~9% on the other half (graduate), iirc.
God damn fuck that's ridiculous
Wait till you see how much we spend on healthcare.
Oh I know, per capita more than double the next first world nation and that doesn't count private insurance.
It's outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I've spent $6,000 - on service - monthly premium payments don't count. Then insurance covers 80% of medical expenses after that. Unless we're talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.
Most of these people don't own homes. That would be weird.