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Yeah, she had essentially loaned the money from HHM. It was pretty much like this. They would pay for her law school, she agreed to work for them for X years, i
by bena 4y ago
Yeah, she had essentially loaned the money from HHM. It was pretty much like this. They would pay for her law school, she agreed to work for them for X years, if she quit or would be fired before that, she'd owe an amount prorated to time worked.
At some point, there's some back and forth with her trying to pay it off and Hamlin refusing and choosing to forgive it instead. And in the end, Great Value Humperdink pays it off for her as a sort of signing bonus.
- rtkwe 4y agoI thought she had paid and the loans were in her name and HHM was paying them for her is what I meant.
- bena 4y agoNo, I would think HHM would be smarter than that. Student loans are pretty predatory, shit interest rates, deferment, capitalization, etc. all combine to make these loans cost way more than they should. HHM could likely either get a more conventional loan or just use cash on hand to pay the tuition up front. With a conventional loan, they could get a more reasonable interest rate, start paying immediately, etc. And there are reason HHM would still take a loan for the amount even if they had cash on hand to pay it up front. It's likely if HHM took any loans, they're technically paid off by now. Kim's debt is solely between her and HHM by this point. How they structured the deal could affect things. They could have charged her like a 3% interest and started the clock the day she graduated and counted every day worked as $X towards her loan. Or a portion of her billing.