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Education

AllyCat

(17,312 posts)

6. It's "unsubsidized loans". The interest (12%) starts accruing

Reply to appalachiablue (Reply #5)

Tue Dec 17, 2024, 12:19 AM

Dec 17

As soon as the student takes the loan. But they don’t pay it back for 4 years or more until they graduate. $5500 max for $16k a year once room, board, and books added in.

That is NOT financial “aid”.

We are trying to pay the first 2 years before our second kid heads off.

Was hoping for a different administration to improve this. Now it will be worse.

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Higher Education in Crisis, 80 Colleges Could Close By 2029 Even As Elite Ivy League Schools Thrive 📚 [View all] appalachiablue Dec 16 OP

This message was self-deleted by its author mike_c Dec 16 #1

One thing I need sorted out in or about this story... snot Dec 16 #2

I remember hearing about these predatory for profit schools and action appalachiablue Dec 16 #4

The tuition costs are high but what about the usurious interest rates? AllyCat Dec 16 #3

I didn't know about the high interest rates, that's awful. Thanks for replying. appalachiablue Dec 16 #5

It's "unsubsidized loans". The interest (12%) starts accruing AllyCat Dec 17 #6

Lots of pieces fit together. Igel Dec 27 #7