>>17495304 lb
I learned the hard way that the federal student loan program is quite predatory. The closest thing I can relate it to in the private sector is a payday loan provider. The federal student loans lure you in with what seem to be pretty good interest rates, much better than a run of the mill credit card. However, there’s something about the way the payments are structured and/or the interest is applied that makes them a nightmare to pay off. If a private lender tried to use such subtle tactics with their loans, they would be labeled as predatory lenders and the same federal government that employs these very tactics would shut them down. And that’s saying nothing of value determination for what the person going into debt will actually receive (worthless “education” in many cases). At least I was able to obtain a degree that brought about gainful employment and a means thereby to eventually pay off my nightmare of a loan.