Student Loans

I was just online to make a monthly payment.  This being my 256th month.  I know what you're thinking.  Good for you Becca! Your mortgage is almost paid off!

 Sadly, no. It was a student loan payment.

But Becca, you used to have so much money, why didn't you pay it off earlier? I wanted to and I was told I would be all paid off in 10 years back when I started paying in 1992, back when I was still living in poverty.  So I just kept paying.

Ten years came and ten years went and then around 2004 the last $6k-$7k seemed to just stop getting smaller. Bankruptcy, moving, a horrible relationship that almost killed me, moving, unemployment, etc., etc., etc. and I just stopped paying attention.  Until today.  Life is good now.  I can take time to look into things and I noticed this evening that I still owe a couple of pennies under $7k.  Where has the nearly $20k of payments gone to since 2004?  Has it all been 100% profit for a bank?

Something is very wrong with my student loans and I am going to ask for an entire accounting of every account and every penny paid since 1992.  If they can't provide it I'm going to court.  Enough is Enough!

Can we please go back to the College system that Thomas Jefferson wanted for the United States and that existed, at least in California, before Ronnie Raygun became Governor.  You know the one where college was free.  The United States cannot compete as a nation if students need to first willingly enter a life of poverty just to get an education.

Do you have a student loan that you need to vent about?  Please share it here in the comments.