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re: 49 year old musician gets 250k in student loans forgiven. Plans to take sabbatical
Posted on 4/22/24 at 10:08 am to jafari rastaman
Posted on 4/22/24 at 10:08 am to jafari rastaman
quote:
What did he study that cost so much money?
Nothing,
The guy probably borrowed only about $50k-$60k, the rest is interest. Taxpayers were probably only on the hook for the principle.
A $60,000 loan at 7% will be near $250,000 in about 20 years if it's not paid down.
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