#and pay off my interest so that it doesn't keep increasing exponetially | Explore Tumblr posts and blogs

blueskittlesart · 7 days ago

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they collect interest on your student loans?????? asking as a horrified non american

not only do they collect interest on your student loans, depending on the type of loan you get some of them start accruing interest the second they're dispersed, meaning that if you don't start paying them off WHILE YOU ARE STILL IN SCHOOL they increase exponentially on you every month!

#it is also insanely difficult to figure out how to pay off the interest while you're in school! at least with my servicer!!#and i know this because i had to call my servicer on the phone to figure out how to do it!!!#and as long as i am in school i am only able to make one time payments. meaning i have to remember to log into my account every quarter #and pay off my interest so that it doesn't keep increasing exponetially #because god knows letting you set up a payment plan while you're still in school is just TOO MUCH FOR THEM #i love america!! so much!!!!#asks

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