Sadly, it’s not just the US. A whole generation of students here in The Netherlands were made to take loans. They did change it back, but it was in place for 7/8 years. And, as a cherry on top, there was no interest initially. Then a small (~0.5%) interest was added, and now a few days ago they announced that the interest would be five-folded. It sounds too American to be happening here, but sadly it is the truth.
I for one have student loans. It’s about 2-3k by my estimation. No interest, it’s only half of what I got as loan (you only pay half of it back) and if I can’t pay it, they will eventually just let me off the hook. I will actually financially recover from this.
I’ sorry, is this some sort of US joke that I’m too European to understand?
Sadly, it’s not just the US. A whole generation of students here in The Netherlands were made to take loans. They did change it back, but it was in place for 7/8 years. And, as a cherry on top, there was no interest initially. Then a small (~0.5%) interest was added, and now a few days ago they announced that the interest would be five-folded. It sounds too American to be happening here, but sadly it is the truth.
I for one have student loans. It’s about 2-3k by my estimation. No interest, it’s only half of what I got as loan (you only pay half of it back) and if I can’t pay it, they will eventually just let me off the hook. I will actually financially recover from this.
Yeah, I owe around 8k. Still, that’s nothing scary, especially compared to the US.