who eats the missing money paid back to the government for student loans?
I want this question in "Politics & Government" so don't send it elsewhere.
I took out loans for $8000 32 years ago, still paying on them because my school closed and govt defaulted them. I owed with 9% interest just $15,200 but to date they've taken out $29,065.18. Last year I paid them over $2,000 (SS garnished), they told me interest was taken out FIRST, so the $2,000 should have gone to principal, yet I just checked and only $1,342.51 was credited. Who is eating the balance of my money?
I just found out that Sallie Mae is now called Navient (and Navient just moved into leased space for 7 years in Delaware). Sallie Mae was part of the government so it's the government that's eating my money, the money I didn't owe them.
Thanks all responders.
- !truth!Lv 75 years agoFavorite Answer
That goes into the petty cash box.
- Anonymous5 years ago
Small business owners and their employees