Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
If you don’t pay your loan it goes up that’s not surprising. What is surprising is that she could get that loan in the first place. She could have bought lottery tickets with that loan and it would have the same effect, but people actually recognize that as stupid.
Did you read the article? Unexpected health complications with her partner used up all their money. The only stupid thing here is that a person working a full time job to afford healthcare and education realistically can’t do so.
If you don’t pay your loan it goes up that’s not surprising. What is surprising is that she could get that loan in the first place. She could have bought lottery tickets with that loan and it would have the same effect, but people actually recognize that as stupid.
Did you read the article? Unexpected health complications with her partner used up all their money. The only stupid thing here is that a person working a full time job to afford healthcare and education realistically can’t do so.