I Feel Worried About Paying Off My Student Loans

So I found out my loan payments are interest only payments. The payments are only half the interest. If I keep going like this they'll never be paid off. So now I have to pay double what I'm already paying. 300/ month soon to be 600/month. I dont have enough money for this. Haven't found a stable job yet. College wasn't worth it. 60,000 total in loans.

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SatyrService · M

Interest only is an old Mob MOney trick.
keep yop]u oin debt forever.

back in the late 60, early 70s many cooleges were free and or cheap.
those days are gone

froggtongue · M

I'm so sorry the system found another victim to rape.
These damn institutions are just bad for the people. Education is not bad, but the way they get people duped is.

acpguy · C

They are a rip of. My wife found out the same thing as she went for her doctorate. It turned out much better to take out a second mortgage but not all people are lucky enough to be in that position.

GoodoldBob · 61-69, M

Wow!! That is a bundle. Aren't there programs that will let you renegotiate the terms?

Aidan · 26-30

@GoodoldBob idunno

GoodoldBob · 61-69, M

@Aidan 🤔 if I find anything helpful I will pass it along

Aidan · 26-30

@GoodoldBob thanks

SatyrService · M

Interest only is an old Mob MOney trick.
keep yop]u oin debt forever.

back in the late 60, early 70s many cooleges were free and or cheap.
those days are gone

Challenger1 · M

What did you take in college?

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