4 ms·
That’s not how loans work, if it was credit card debt yeah you could pay a minimum forever, but education loans have terms attached with fixed payments.
by awinder 4y ago
That’s not how loans work, if it was credit card debt yeah you could pay a minimum forever, but education loans have terms attached with fixed payments.
- sokoloff 4y agoYet people have loans outstanding 20, 30, or more years after taking them out, so obviously there's some amount of flexibility in the system. In any event, on its face, this system would not encourage prompt repayment but rather the opposite: the slowest possible repayment.