My interest rate for my federal student loans is HIGHER than my private loan interest AND HIGHER than both auto and home loans. What is wrong with this picture???

I am interested to hear from people who have been paying for twenty years or more. I am going to be one of those people. The interest on the loans is outrageous. How can we pay this and still pay for living expenses? And, I am not living a lavish lifestyle. I would sell my degrees if we could do that….then again, who would want them? They are worthless. I was sold a lie about the value of a college education.

The president wanted me to go to collage…promised me easy to make payments, where is $756.00 a month easy payments. I owe more in students loans than my house is worth.

Education should be free!

I went to the college, 1956-1960, before income inequality got so bad. In 1960 the minimum wage was $1/hour and tuition for the year at an expensive private college was $1,000. Now that tuition is about $30,000. In theory, the minimum wage should therefore be $30/hour. I’d even settle for $15/hour. In our dreams,…

Like other comments, this survey isn’t specific enough. I’m still in school, I pay over $500 a month to different lenders and don’t even touch the principal balance, and I’m employed part time. I fill out my FAFSA, but I’ve only been recently eligible for Pell grants because my parent “made too much money.” try harder next time! We all have unique situations that aren’t being addressed.

@stephen Bloomingdale…just shared my story as someone who graduated 24 years ago and the enormous debt that follows me…

Hoping to hear some news for folks who’ve been graduated for 30 years and continue to repay student loan debt and see no hope of retiring.

I appreciated this survey, but as a current student, I didn’t feel the survey represented me well. (For example, I’m not employed, but I’m a student. I did not attend a college in the past tense, but rather I am attending it now. I don’t know whether I’ll go on to grad school.) Nor does it have an option for “my parents completed the FAFSA for me,” which is the case for me — I don’t know whether they have found it hard or easy to use.

That is good question to know , who you are paying what to. It is a very complicated process and or system. Look into the the forgiveness loan process. I know that I will. Make sure to ask as many question as possible.

I am not even sure who I am paying at this point.