Just like professors who refuse to believe you have other classes this article believes graduates have no other expenses to put their minimum wage salary to but their student loans. Also it neglects interest.
Also the whole “Shutup, Millennials. You aren’t the only ones saddled with student debt. Your parents also crippled themselves to put you through college.” schtick is woefully ignorant. It seems to be dancing directly on top of the point, but completely missing it.
That stood out to me, too. It also completely ignores the t-shirt of compound interest on amortization schedules. If you can pay 10% of your minimum wage job to student loans (lol, good luck), quick napkin math shows that millennials will literally never pay off their loans, I think?
I don’t have time to run the math properly right now, but I’m really tempted to skip out on working to run the numbers, lol!
Just like professors who refuse to believe you have other classes this article believes graduates have no other expenses to put their minimum wage salary to but their student loans. Also it neglects interest.
Also the whole “Shutup, Millennials. You aren’t the only ones saddled with student debt. Your parents also crippled themselves to put you through college.” schtick is woefully ignorant. It seems to be dancing directly on top of the point, but completely missing it.
That stood out to me, too. It also completely ignores the t-shirt of compound interest on amortization schedules. If you can pay 10% of your minimum wage job to student loans (lol, good luck), quick napkin math shows that millennials will literally never pay off their loans, I think?
I don’t have time to run the math properly right now, but I’m really tempted to skip out on working to run the numbers, lol!