An ex employee of mine had a student loan that they were sure was 'interest free'.
Right.
After looking over the documentation I found the clause they were referring to, it was 'no obligation to pay interest for the first 5 years'. The debt had increased to about 30% more than it was initially (4 years had already passed). So much for it being 'interest free'.
Right.
After looking over the documentation I found the clause they were referring to, it was 'no obligation to pay interest for the first 5 years'. The debt had increased to about 30% more than it was initially (4 years had already passed). So much for it being 'interest free'.