Originally Posted by
Williamsmith
The lower your payment, the less each individual loan gets addressed, the less principle you pay, the more interest accrues, the more interest accrues, the more they will eventually make off you when by no fault of your own through life's cruel odds (insert accident or physical/mental illness here) you will violate their terms of the loan and they will jerk the rug out from under your feet and tell you that there will be no loan forgiveness. The longer you remain owing, the more they maximize their ability to soak you for as much as possible by virtue of increasing the odds something bad happens to you. The best case scenario for them is to keep you paying until death do you part.