• Kecessa@sh.itjust.works
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    1 year ago

    Not from the USA… what’s the interest rate on student loans? I mean, if you can afford a mortgage and to put money aside (article is about seniors, so not people purchasing a home now), how come you’re unable to reimburse your debt?

    • Perfide@reddthat.com
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      1 year ago

      What makes you think they own a home? A ton of seniors live in rent controlled places and still barely get by.

    • buddhabound@lemmy.world
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      1 year ago

      The interest rate on my federal direct student loans is 6.8% on half of them (undergrad) and ~9% on the other half (graduate), iirc.

          • Kecessa@sh.itjust.works
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            1 year ago

            Oh I know, per capita more than double the next first world nation and that doesn’t count private insurance.

            • tacosplease@lemmy.world
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              1 year ago

              It’s outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I’ve spent $6,000 - on service - monthly premium payments don’t count. Then insurance covers 80% of medical expenses after that. Unless we’re talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.

    • surewhynotlem@lemmy.world
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      1 year ago

      afford a mortgage and to put money aside

      Most of these people don’t own homes. That would be weird.