46-65% of student loan accounts had INCREASING BALANCES between 2008-2019 even if they were making their monthly payments on time!
I call this the FINANCIAL BLACK HOLE of student loans.
It’s not right, it’s not fair, and it’s not your fault!
Most healthcare providers are enrolled in an Income Driven Repayment plan. These plans often offer a monthly payment LESS THAN INTEREST which means the debt never actually goes down.
What's worse, after 20-25 years any remaining debt is forgiven but TAXED as income!