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> However, as a professional with student loans, I will be furious until the day I pay off my final loan at the 6.55% I am paying. I could get a car for cheaper
by jonknee 11y ago
> However, as a professional with student loans, I will be furious until the day I pay off my final loan at the 6.55% I am paying. I could get a car for cheaper.
And you should be able to get a car (or house!) for cheaper because those are items that can be sold to cover the outstanding loan balance. Secured credit is always cheaper.
- rm_-rf_slash 11y agoSo should I try and sell my experience in a Shakespeare class on the cheap? My professor was pretty terrible.
- joeblossom 11y agoIt'd be one thing if student loans were true unsecured debt but they're not. The government backs most student loans (even private ones) and they are not dismissible through bankruptcy. So, in some ways they're more "secure" than a car/house/etc. https://enlightenme.com/secured-and-unsecured-debt/ https://enlightenme.com/secured-and-unsecured-debt/ (there is a mountain of other resources on student loan debt and how it differs)