As for interest rates, they are awful. Mine are around 5.35%. They are variable rate interest. They were lower 10 years ago in the low to mid 3% range, but that's where they are at today.
I know people taking out student loans today are getting around 7%.
Yeah, I was paying about $100 a month on mine and $82 would go to the principal, with $18 going to interest toward the end of the loan. At the start of any loan, a good chunk of the payments go toward interest and this lowers as you pay it off. At the start I'm sure only $10 was going to principal and $90 towards interest. This is the same we're seeing with our mortgage as well. Month by month, more of our payment is going towards the principal.It's because the the $100-400 a month that the normal person is paying per month often doesn't crack the principal. you are just paying off the interest accumulated. And for a lot of millennials the interest accumulated was quite high during the recession and the years that followed. If you are earning 35k a year (which is what the average millenial makes) and your rent is 750-1.5k (depending on city and roommates), it can be pretty difficult to make a dent. Obama's income-based repayment plan has actually kind of added to the problem. 10% of 35k definitely doesn't make that dent when your interest rate is 5-7%.
It's because the the $100-400 a month that the normal person is paying per month often doesn't crack the principal. you are just paying off the interest accumulated. And for a lot of millennials the interest accumulated was quite high during the recession and the years that followed. If you are earning 35k a year (which is what the average millenial makes) and your rent is 750-1.5k (depending on city and roommates), it can be pretty difficult to make a dent. Obama's income-based repayment plan has actually kind of added to the problem. 10% of 35k definitely doesn't make that dent when your interest rate is 5-7%.
Blech. This sort of thing was going to happen, but it was more fun when it was Comcast or 241543909.Trolls have social engineered Google to display a rat for the Democratic Parties logo instead of a donkey.
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Blech. This sort of thing was going to happen, but it was more fun when it was Comcast or 241453909.
Trolls have social engineered Google to display a rat for the Democratic Parties logo instead of a donkey.
View attachment 36653
WTF, why does the GOP keep egging these people on?
I have no idea what I'm supposed to be looking for with that. can someone explain?
With 97% in, turnout looks like it will match or be slightly higher than 2016; despite COVID19.Joe Biden has been projected to win Florida.
Not surprised. Earlier the day it looks like he was winning by almost double.
The number of votes counted is incredibly low though state wide. Also there are reports of lots of precincts not even opening. So I wonder if the results will hold.
I don't think this should be relegated to this thread but I don't really want to start any arguments. I don't think I saw this mentioned on here yesterday. This is fucked.