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- Joined
- Jul 18, 2012
maybe compounded interest? a loan i took for my sophomore accrued something like $6k between the time i took it out and made my first payment on it...I really think I'm getting jerked
I'm looking at my statements and whatnot and it seems as if my payments have been going half to interest/half to principal
My loans that I took out came out to 88k..and they have me on a payment plan where I would have payed 153k after I pay for 15 years...something isn't adding up