What if the contract changes?
by czeche (2024-02-23 10:53:11)

In reply to: The "affluence" of the HS doesn't matter  posted by El Kabong

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When I started medical school, tuition was $20k per year and loans were approx 2%.

Tuition increased by 20+% per year while I was in school, and congress passed a law after my first year that loans were fixed at 6.8%, I think it was.

Yes, I can pay and have been, in fact I've paid enough that I would have paid off the original "contract." So, if we're talking contracts, it's worth remembering that there were some sweetheart deals (for the loan guarantors) that changed things midstream.

I wonder how many of those getting forgiveness have paid more than the original loan? I would not be surprised if if was a sizeable number.

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