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Student loans!

Reply
Colleen95
New Member

I will attach how much I have paid over 10 years to Standard bank. Not once have they thought - hey by now I have been charged with more interest than the total loan was FOR! Hey maybe check did she sign up for credit life protection? Because the answer is no, no she did not. Now take off that R12K and the interest it made me pay (Lets guess R2k) so remove R14 000.00 from my **bleep** loan. This is not the agreed upon amount.

 

I have not received a student loan statement in the 10 years I have had this loan. 

 

Start dateEnd dateTotalInterestCapital life coverBank ChargesPayments- SuretyPayments PayeeTotal
20/01/201431/12/2014 R  70,000.00 R       8,584.86 R       1,551.77 R        420.00 R           8,150.00 R                      -   R  72,406.63
1/1/201531/12/2015 R  72,406.63 R       9,695.57 R       1,158.37 R        520.00 R           9,780.00 R                      -   R  74,000.57
1/1/201631/12/2016 R  74,000.57 R    10,866.61 R       1,357.08 R        648.00 R           9,780.00 R                      -   R  77,092.26
1/1/201731/12/2017 R  77,092.26 R    11,278.03 R          987.94 R        684.00 R           9,780.00 R                      -   R  80,262.23
1/1/201831/12/2018 R  80,262.23 R    10,746.72 R       1,176.00 R        688.50 R           9,780.00 R      11,000.00 R  72,093.45
1/1/201931/12/2019 R  72,093.45 R       9,594.83 R       1,155.01 R        690.00 R           9,780.00 R         8,200.00 R  65,553.29
1/1/202031/12/2020 R  65,553.29 R       7,638.36 R          992.98 R        690.00 R           9,780.00 R         5,000.00 R  60,094.63
1/1/202131/12/2021 R  60,094.63 R       6,357.79 R       1,248.86 R        690.00 R           9,780.00  R  58,611.28
1/1/202231/12/2022 R  58,611.28 R       7,488.17 R       1,147.81 R        690.00 R        11,301.00  R  56,636.26
1/1/202331/12/2023 R  56,636.26 R       8,212.04 R       1,050.65 R        690.00 R        18,187.00  R  48,401.95
    R  90,462.98 R 11,826.47 R  6,410.50 R   106,098.00 R    24,200.00 
         
Voorspelling:        
1/1/202431/12/2024 R  48,401.95 R       7,623.31 R       1,000.00 R        750.00 R        15,600.00 R      10,000.00 R  32,175.26
1/1/202531/12/2025 R  32,175.26 R       5,730.84 R       1,000.00 R        750.00 R        15,600.00 R      12,000.00 R  12,056.09
1/2/202631/12/2026 R  12,056.09 R       3,162.46 R       1,000.00 R        750.00 R           5,000.00 R      12,000.00 R        (31.45)

 

Also- I have not received a statement - ever- that I have not had to fight over the phone to receive every single time. I have not received one notice of a change in interest rate. I have not received one notice of a change in banking fees. I have no information- but I must keep paying and paying? We have already paid double the original amount to this loan. Scrap it.