$6K just for the interest and it's just been less than a year.
fukking disgusting these fakkits in Congress let this shyt happen to students...
I am going to put a little something in perspective... I read something 2 weeks ago and was discusted. We all know that oil companies turn the hugest profit and rape with its gas prices.
Exxon Mobil Corp., the nation’s most profitable company, reported $44.9 billion in net income last year. Apple Inc. recorded a $41.7 billion profit in its 2012 fiscal year, which ended in September, while Chevron Corp. reported $26.2 billion in earnings last year. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo reported a combined $51.9 billion in profit last year.
Now check this out.. The department of Education is going to profit at about 51 billion that's all banking combined and we all know serious money is in banking. It's messed up the big guys reep the profits, the schools get paid and constantly raise tuition credit, the textbook companies change editions every few semesters by changing pics or a couple pages and charging an arm and a leg, while the little man has to struggle, graduate and not find a job or work at Wendy's and suffer. The cycle will not end as long as money is in it for the education " business". To make it worst they doubled the interest rates to 6. Something percent a couple months ago, lending money is their cash cow.
Read below if you don't believe me about the profit forecast.
http://www.educationviews.org/obama-51-billion-profit-off-student-loans/