5. The Truth Behind Loan Forgiveness
Архівні серії ("Канал неактуальний" status)
When? This feed was archived on February 27, 2024 05:53 (). Last successful fetch was on April 05, 2022 06:46 ()
Why? Канал неактуальний status. Нашим серверам не вдалося отримати доступ до каналу подкасту протягом тривалого періоду часу.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 317906373 series 3294342
Loan forgiveness sounds like an awesome idea. It is but just like any other idea, it's the execution of that idea that makes it great or just more bureaucracy. First, most loans accumulate interest on the day the money is dispersed but some loan’s interest is covered by the government and the other loans have the interest accumulated. Which means that if you took out a loan of $10,000, by the time you have to start paying it could be $13,000 or more because of interest. The real problem comes when you are dealing with much larger amounts. Obviously, the greater your loan amount, the faster your interest can climb. However, there's more.
15 епізодів