Quote Originally Posted by dsirkle View Post
Many moons ago, I took out my first mortgage for $20,000 (a very inconsequential amount for a mortgage today). I then learned what an amortization schedule was and was very unhappy to learn that if I payed my loan off in the 30 years of the life of the mortgage I would have repaid $69,000.
I learned to always find out the total payback price before borrowing for anything. Do you think that if you take out a loan for a car with a purchase price of $30,000 on a 6 year loan that you are really paying $30,000 for the car?
Any loan tallies up that way. If you can't bear to pay the interest, you shouldn't approach the lender and ask them for a loan.
I can surely understand that you don't enjoy paying back the money, but I just can't view it as a ripoff when the loan was made at your request and you signed papers agreeing to the terms.
There is a big difference in wanting a house or a car, and wanting to go to college so bad you've dreamed about it all senior year. It's hard to understand without the cash, your just another dropout.

Sorry for hijacking your thread dude. Yeah, job hunting stinks.