03/14/2026
WACK!!
This is why so many people feel trapped by student loans.
A 27-year-old says he borrowed $120,000 for an undergraduate degree.
He’s been paying $970 every month for 5 years — nearly $60,000 total.
And according to him, only $2,000 actually went toward the loan balance.
The rest? Interest.
This is how amortization works on many loans — especially when interest rates are high. Early payments mostly go toward interest, not the principal.
But situations like this raise a real question:
Should education debt work like this?
Maybe the answer isn’t just “cancel everything” or “pay it all yourself.”
Maybe it’s:
• Lower interest rates
• Better transparency before borrowing
• Schools having more skin in the game
• And smarter repayment structures
Because when people feel like they’re running on a treadmill that never moves, something in the system probably needs fixing.
What do you think?
