Had we paid the min over 10 years the $21k would have had a $43k cost.
See, this is the saga of near every person who gets involved in a damned student loan. The shi* is worse than high interest credit cards.
And what happens when you make un-affordable education accessible to 19 year-olds through magic loans? Lots of serious dumbf***ery, that's what.
It's all pie in the sky for a young kid on his way to college. that kid has no understanding of the weight this will load on their shoulders for what turns into decades sometimes. It's as easy as a signature... magic. And when said 19YO's have access to nearly unlimited funds for education, what do these valiant educational institutions do? Raise the price even more, as high as they possibly can, and people still accept it because.. well, student loan. It a circle of dirty scams, and offers little ROI in most cases.
Half of those kids or more drop out anyway, stuck owing that money. and even the ones who actually get their degree wind up in a mediocre job that pays far less than what they were promised years ago when they were talking to people about their career after education.
And Pedo Joe just tossed gasoline on that dumpster fire by subsidizing these scam artists with even MORE available cash, emboldening not only more of the same, but an increase in the profit margins of these greasy participants.