Florida man reveals that he still owes $100 more than original student loan after years of paying — here’s why

TikToker cha_cha_p from Florida has paid $7,450 on a student loan with an original balance of $8,645. But, with an 8% interest rate, he now owes $8,750. So, even though he’s been paying his student loan off for years, he still owes $100 more than his original balance. “That’s why people hate student loans,” he said on TikTok [1]. Must Read While $100 is not a huge sum, consider the calculation for the average American student loan borrower, who has more than four times the balance owing. But, it’s not ...