Every cent of my Permanent Fund dividends has been garnished since 2013, including this year, for a $10,000 student loan.
As I diligently paid $60 per month for a decade, and adding the PFDs, I found that I was not even keeping up the interest. It accrues daily. It has raised by another $2,000.
The loan itself was paid long ago with interest. What is this? Compound interest? A perpetual money hole that I can’t stop because I don’t have the money to pay the interest?
Sometimes I just want to give up. Who gave them the right to financially assault me?
— Lillian K. Staats
Palmer
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