Currently I only pay about 60 a month on it. I did some simple math and learned that even if I payed nearly 10 times that, only about half of it would go to the outstanding balance, because it collects $10 in interest a day.
No wonder the student loan debt bubble is abysmal in our country. Basically anyone with a bachelors that wasn't funded by parents or scholarships more or less will pay for decades, or make the equivalent of two large car payments towards their student loan every month.
How do these people get college degrees and graduate like...what is interest? How do minimum payments work? What is non dischargeable debt?
At least it's mostly a female problem. Something like two thirds of outstanding student loan debt is owed by women. Cuz men actually tend to make intelligent life decisions...what's your excuse?