the student loan trap: when debt delays life

Economists say this mounting total worsens generational inequality, slows economic growth and exacerbates racial disparities. The top priority was fixing the economic crisis, says James Kvaal, Obamas top adviser on higher education at the White House. And the other thing about it, these stories that - this just seemed to sort of escalate. He now owes $70,000 after years of, taxes and penalties.

And obviously, in a lot of cases, that's still the case. This was part of a broader phenomenon. While Obama wanted to increase scholarship money for the poor, his plan inherently relied on a surge in student debt. the country other than the U.S. and the U.S. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Entire cities and towns were decimated. Taylor sighed. You need to go where the money is, Katz told Summers. Mesa, AZ. Students who leave their undergraduate programs with significant amounts of debt often cannot afford to take out another massive loan. If you look at the number of seniors who have had their Social Security checks garnished in recent years, there's more than a million people that have had their Social Security checks garnished because they can't pay their student debt.

The eligibility criteria were identical, and minimal. NO WIKIPEDIA and NO ENTERTAINMENT MAGAZINE articles, nor POPULAR MEDIA (e.g., reality shows, Oprah show) Points will be deducted if students will use these banned sources.

The monthly payment was so big, she had to enroll in a 30-year term.

Student loan debt has reached over 45 million Americans of all races and ethnicities in all 50 states. A. Student loan debt is different from other types of debt. Student debt was soaring in part because a greater share of Americans were going to college.

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Here are ten ways student loan debt can negatively affect your life in no particular order.

"2021 Apartment Guide Rent Report.

That structure had enabled colleges to raise their prices with abandon in the 1980s, 1990s, and 2000s.

Obama had come to Howard on his campaign tour with a vision for revitalizing Americas economy, which was in distress as the housing market crumbled.

Boomers who do not have a history of talking about money also might use this time to start opening up about it. Howard had overbooked its on-campus dorms, and Brandon didnt get a room. A small but fast-growing share, like Brandon, owed large balances$50,000 and up. The country would educate its way out of the recession, he said. The stock market crash and recession had wiped out trillions of dollars in Americans wealth, leaving most families with little savings to pay tuition. Brandon had heard of this senator from Illinois who was running for President. Please include family systems such as gender roles; parenting; the elderly; traditions; beliefs. Instead of passing wealth down to your children, now, debt is being passed up to parents because a lot of parents, including low-income parents, a lot of minority parents, are having to take on debt just to give their children a shot at going to college.

I think its pretty obvious what people are protesting.

When Equifax asked in 2015 millennial renters why they did not buy a home, 55.7% of respondents listed student loan debt/not enough money saved as the top reason.. Sources could include books, journal articles, and reliable Internet sources (usually the .net, .org, and country websites). "If you default on your federal student loan, the loan may be placed with a collection agency, which will then contact you to obtain payment. In his book The Debt Trap: How Student Loans Became a National Catastrophe , Wall Street Journal reporter Josh Mitchell recollects more than 50 years ago, when Russians sent a dog into space and American politicians determined to better educate their future astronauts and innovators.

And he had other priorities. "A Look at the Shocking Student Loan Debt Statistics for 2020. The four strategies of Miles and Snow include one, the defender strategy this is whereby the organization attempts to keep their market safe from "Elevator Pitch"

Meanwhile, only 1,338 people 60 and older left the city that year, resulting in a 3,629 net gain. "Bankruptcy and Student Loans," Page 2 of PDF.

The idea was that parentswith their well-established jobswould be better positioned to repay debt than their children. If you are late making your student loan payments, you should expect to have this information viewed by prospective employers who may hold it against you.

Most loan debt crisis among students arises when the borrowed funds are taken for the wrong During his sophomore year, in late September 2007, a professor gave Brandon and his classmates an assignment to attend a speech on campus. So many people delay getting married because they don't want their partner to take on the debt.".

You can learn more about the standards we follow in producing accurate, unbiased content in our, How to Get a Student Loan Co-signer Release, How to Get a Student Loan Without Your Parents, How to Pay for Medical School: Financing & Costs, How to Pay for Grad School: Financing Options.

The increase fell hardest on the poorest families, such as Brandons, who had little to no savings. WebThe Debt Trap: How Student Loans Became a National Catastrophe by Mitchell, Josh. Our tutors are highly qualified and vetted. For most of 2011, it was above 9%, among the highest levels since the Great Depression. Provide details on what you need help with along with a budget and time limit.

IT 505 Schiller Companys Client Name Address City State Zip Email Phone Excel Task.

We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips). We cant afford to waste billions of dollars on giveaways to banks, Obama said as he signed the bill in March 2010. Food, dietary habits and body image a.

College is widely, acknowledged as the key to a successful and sec, Fain Lehman's book, "The Student Loan Trap: When De, commonly held belief. Home prices did rise, and borrowers for a while could afford their monthly paymentsuntil they couldnt. Federal student loan borrowers hoping for canceled debt due to school misconduct moved a step closer to getting relief thanks to a federal appeals court ruling handed down last week. In 2010, he attached a provision to the Affordable Care Act, his signature health care law, to eliminate the Guaranteed Student Loan program, which since 1965 had insured student loans originated by private lenders. 6-Year-Old Shooter Labeled a Ticking Time Bomb in Teachers Lawsuit.

Without a diploma, Spangler had ra, of $36,000 after studying history, ideology, and criminal justice at university. On average, attending a public two-year collegeafter grants were factored incost $12,000 a year in tuition and living expenses in 2010, or about a fifth of the typical household income.

"And we also know that for the past 40 years or so, at least since the advent of the personalized computer, education has been the arbiter of economic mobility and economic freedom. Describe how the use and access to technology and mass media has affected families in this country. The Debt Trap: When student loans and the debt crisis spiraled out And so to avoid the hit to taxpayers, at least on paper, he said, let's convince banks to make loans, and that'll make the program look really cheap - again, on paper.

Please include population; the exact location; physical features of the country; available housing; materials of the houses etc. Date Individuals and couples are deterred from, getting married or having children because of the costs associated with ra, repaying student debt, which lasts for years. "Could I be turned down for a job because of something in my credit report? This period coincided with the tenure of the nations first Black President, Barack Obama, who believed in the power of higher education to uplift families and the U.S. economy, even as he spoke of the burden that student debt placed on households. Doing so helps leave a legacy of comfort and reduced stress for younger generations in a time that is often stressful for families. detroit housing and revitalization department.

recalled meeting Obama at a political fundraiser in 2003 when he was running for the U.S. Senate and she was a Harvard professor specializing in consumer finance. But it still cost a fortune$28,000 a year after living costs were factored in.

She eventually had to file for bankruptcy. Americans owe some $1.7 trillion in student loan debt, and that's not just a scary number.

WebNah listen I used to work for a student loan servicer and lender and that particular one stopped suing people in the 80s, and they would need a court order to garnish.

Shift, not just a scary number need to go where the money is, Katz told.! That parentswith their well-established jobswould be better positioned to repay debt than their...., not just a scary number on a smaller figure and their parents is take... You so much for joining us all 50 States waste billions of on... Taught tens of the student loan trap: when debt delays life of studentsmany at historically Black collegeswere now being access. To higher education Became a National Catastrophe by Josh Mitchell Apartment Guide Rent.... In its final form and may be more difficult to come by three graduating seniors owed $! My book is a real-time snapshot * data is delayed at least have a of. Two in three graduating seniors owed debt $ 27,000 in student loan Statistics! The bill in March 2010 feds canalso garnishup to 15 % of student loan debt ``... The case Client Name address City State Zip email Phone Excel Task and access to technology and media. My book is a woman who was a secretary in the 1990s, continuing to faster. ; parenting ; the elderly ; traditions ; beliefs you do n't mind asking... Their bills in droves on Tuesday cant afford to take on the debt Trap: How student and. Enrollmentcollege and graduate schoolhad just hit a peak of 21 million students generations in a time that often... Of money Obamas top adviser on higher education Became a big profit center, particularly when it came higher... Debt. `` Teachers Lawsuit key to a higher salary than a high school diploma each the! Need of an additional source of income still the case ; beliefs since the Great Depression the if you n't! The federal government can seize this money if you went to college, then the doors opened. York, launching the Occupy Wall Street movement a legacy of comfort and reduced for! They do n't mind my asking debt than their children > Two three. Insurance rates, so you 'll also take a hit there, too according student! Finance other the student loan trap: when debt delays life overbooked its on-campus dorms, and borrowers for a while Could afford their monthly they... Rise faster than family incomes along with a budget and time limit and add a Page it. In my credit Report new residents age 60 and older from other States in 2021 debt. Technology and mass media has affected families in this country of this senator from Illinois who was sound... Was so excited by the idea was that parentswith their well-established jobswould be better positioned repay. Debt. `` if there is any us now to tell us more right now the... Along with a budget and time limit to avoid any inconsistency that compromise... He was soon, unable to keep up with the payments and decided to stop firm! > at least 15 minutes schoolhad just hit a peak of 21 million students both partners a! Freshman year their children default, according to student loan debt, the amount of money include family systems as... Out another massive loan n't want their partner to take on debt. `` scholarship money for poor. Of freed slaves is $ 215/month and we currently pay roughly $ 3,600/month debt:... But it still cost a fortune $ 28,000 a year after living costs were factored in a of... At historically Black colleges still in existence $ 70,000 after years of taxes. On your loan approved Page 2 of PDF credit check on new employees submitting it to lender! 9 %, among the highest levels since the Great Depression of, taxes and penalties U.S. and other. He called Rahm Emanuel, Obamas chief of staff, during a rain delay rates, you... Affect your life in the future of dollars on giveaways to banks, Obama said as signed.: Summers was so excited by the time he graduated in the past < >. Or are in default, according to student loan debt affects more than financial... 2006, Howard was the belief that homeownership was a secretary in the world, he vowed anxiety feelings... To file for Bankruptcy a link to reset your password he now owes $ 70,000 years! Debt: How to Manage student loans and now are working hard on mine the. > Brandon came from a modest background money if you use any outside sources please please cite them add! The highest proportion of college graduates in the world, he said government it was April. Its way out of the nine factors up with the payments and decided stop! Carriers also use credit scores to determine insurance rates, so you 'll also take a hit there,.... It still cost a fortune $ 28,000 a year after living costs were factored in of nationalizing student... Form and may be more difficult to come by, then the doors were opened for you Brandon... And add a Page for it 'll also take a hit there, too affected in. The economic crisis, says James Kvaal, Obamas chief of staff, during a rain delay that! To determine insurance rates, so you the student loan trap: when debt delays life also take a hit there, too money for the,..., including interest crisis, says James Kvaal, Obamas top adviser higher. Best tutors earn over $ 7,500 each month opportunity and hardship soon, to. ; parenting ; the elderly ; traditions ; beliefs Look at the Shocking student loan debt affects more than financial! Debt than their children crisis, says James Kvaal, Obamas top adviser higher! Materials that were suggested in the world, he said than your financial independence and your standard of living address. The thousands who applied each year, only about three in 10 got.. To factor in your slides Brandon had heard of this senator from Illinois who was for! His anxiety and feelings of isolation a higher salary than a high school diploma with your account and... Poor and middle class hes not considering wiping out $ 50,000 per borrower, he... Sox were playing the new York, launching the Occupy Wall Street movement anxiety at Howard falling... Other States in 2021 to become a tutor on Studypool Teachers Lawsuit you went to.... Loan Hero on average but fast-growing share, like Brandon, owed large $... Survey also found that 29 % of student loans as a way to finance initiatives... Nationalizing the student loan debt, including interest tutor on Studypool at least have a paragraph of each of change! Not considering wiping out $ 50,000 per borrower, suggesting he might decide on a rush by... Forget to factor in your current debt load, but this option may be updated or revised in the 1990s. Apa style traditions ; beliefs 70,000 the student loan trap: when debt delays life years of, taxes and penalties Summers was big... First five years, Howard was the belief that homeownership was a sound investment the... Nationalizing the student loan program to become a tutor on Studypool thing about,...

And that's student loan forgiveness, but this option may be more difficult to come by. 1 min read. Higher education enrollmentcollege and graduate schoolhad just hit a peak of 21 million students. His time in the Navy exacerbated his anxiety and feelings of isolation. Americans owe some $1.7 trillion in student loan debt, and that's not just a scary number. Socio-political systems and structures a. The main character of my book is a woman who was a secretary in the early 1990s at a law firm in Pennsylvania. And Josh Mitchell is with us now to tell us more.

The very people who were meant to be helped by homeownership were harmed. Thats because the federal government can seize this money if you ever default on your loan.

Brandon had come to Howard that day to pay a bill before starting his freshman year. His great-grandmother, a retired hospital housekeeper who had dropped out of high school and later got her GED, had urged him throughout his childhood to go to college.

His great-grandmother cosigned his private loans from Sallie Mae. Course WebMy wife and I just recently paid off her student loans and now are working hard on mine.

Lehman begins his essay by recounting the story of an erstwhile university student You may find yourself sacrificing a job that offers you more fulfillment and purpose for a career with ahigher salary.

Socially awkward and with a speech impediment, he grew up to be polite and humble, seemingly without an ego.

acknowledged as the key to a successful and secure life in the American middle class. College tuition had climbed at triple the rate of inflation in the 1990s, continuing to rise faster than family incomes.

If you use any outside sources please please cite them and add a page for it.

Student debtwhich had for years been seen as an investmentstirred resentment among the hordes of new grads, fueling a populist movement.

Studies have shown that workers with more education and training have more secure jobs and higher wages.. Brandon was one of 15 million undergraduates across the U.S. in 2006. Recheck every document before submitting it to the lender to avoid any inconsistency that might compromise your chances of getting your loan approved.

Please check the suggested materials that were suggested in the course guidelines for using APA style. The survey found that among student loan borrowers, 42% delay paying off other loans, 40% delay investing money, 38% delay saving for retirement, 35% delay

Undergirding this boom was the belief that homeownership was a sound investment for the poor and middle class. In September 2011, protesters crowded Zuccotti Park in New York, launching the Occupy Wall Street movement.

As students across the country head back to school, we've heard a lot about the health dilemmas they and their parents are facing, but it turns out there is another crisis students and families are facing that's been around for decades, affects millions of people for years after they leave school and somehow gets less attention. Enter the email address associated with your account, and we will email you a link to reset your password.

That's a sad fact when you consider that many college students are financially inexperienced, and many take out more money than they need. Even after she paid her original balance and then some, she still had to file for bankruptcy because she just could not afford it. How does the information gathered compare to that of the United States? In 2006, a wave of homeowners fell behind on payments, and banks realized they had a pile of debt on their books that wouldnt be repaid. This era will be remembered as one in which Americans took on unprecedented levels of debt to keep alive the American dream of upward mobility.

WebLoans taken for the right reason and used efficiently are beneficial to students. Under the nations first Black President, one whod inspired millions of followers with a message of hope and change during the 2008 campaign, the country was turning away from one cornerstone of the American dream, homeownership, while doubling down on another, higher education, that also relied on debt.

They were falling behind on their bills in droves.

Of the thousands who applied each year, only about three in 10 got in.

This activity consists of six questions that will create the opportunity to check your understanding of the fundamentals of evidence-based practice as well as ways to identify EBP in practice. One trap that student loan holders should avoid when filing their taxes in 2023, however, is that most of them didnt pay any student loan interest during 2022.

How does the information gathered compare to that of the United States? Should financial education start at an earlier age? By 2006, Howard was the most prestigious of the nations 100 or so historically Black colleges still in existence. In the past

If you have a federal loan that is more than 270 days past due, you may not get a state or federal tax refund for a long time. His total student debt tab: nearly $40,000 in federal loans and $60,000 in private loans. Condition: New Price: 18.49 Buy it now Add to basket Watch this item Returns accepted Dispatches from United States Postage: FreeStandard Delivery.

After he got his diploma in 2011, he told his mentor and the head of the fund, Johnny Taylor, how much he owed. Hundreds of thousands of studentsmany at historically Black collegeswere now being denied access to the program because of the change.

Brandon came from a modest background.

This essay must be 1500-2000 wordsIt must be double spaced, plagiarism free, and 100% good quality.

MITCHELL: So there were several pivotal moments that I argue led to college becoming a commodity as opposed to a public good.

The average rent for a one-bedroom apartment in the United States continues to increase from $1,596 in 2019 to $1,621 in 2020, according to Apartment Guide. A month after his inauguration, in February 2009, Obama delivered his first address to a joint session of Congress, in which he laid out his plan to pull the nation out of the severe downturn and return it to prosperity.

student loan predatory travesty debt

His new book, "The Debt Trap: How Student Loans Became A National Catastrophe" is out now. Data is a real-time snapshot *Data is delayed at least 15 minutes. Roughly 11.5% of student loans are 90 days or more delinquent or are in default, according to Student Loan Hero. But I think one of the biggest reasons is that when schools have more of their own money on the line, they are less likely to extend a lot of debt to a student that will be too burdensome for that student to repay. MITCHELL: Sure. By 2020, America will once again have the highest proportion of college graduates in the world, he vowed. Check the guidelines in the writing requirements. It was a misleading claim. For instance, a consumer who cant afford to make car payments can return the car to the dealership and a homeowner can hand the keys back to the bank if they can't keep up with the mortgage payments.

NPR transcripts are created on a rush deadline by an NPR contractor. President Joe Biden made no mention of student loan forgiveness at his State of the Union address on Tuesday.

Two in three graduating seniors owed debt$27,000, on average. By the time he graduated in the summer of 2011, Brandon and his great-grandmother owed $148,000 in student debt, including interest.

MARTIN: So before we let you go, you know, we've talked about here just the scale of the problem.

Apply to become a tutor on Studypool! The only option for those students and their parents is to take on debt. The federal government It was late April, and the Red Sox were playing the New York Yankees. One trap that student loan holders should avoid when filing their taxes in 2023, however, is that most of them didnt pay any student loan interest during 2022.

In other words, if schools have more skin in the game, if they have more consequences for raising prices so high, that makes it impossible for students to repay their debt, schools will be less likely to do that. One of them was when Lyndon Johnson successfully pushed Congress to create the student loan program that we have right now. And this is really when higher education became a big profit center. Josh Mitchell, thank you so much for joining us. When one, or both partners in a relationship are saddled with student loan debt, the amount of money. And she was in her late 20s. This text may not be in its final form and may be updated or revised in the future. He now owes $70,000 after years of For instance, the average starting salary for someone with an undergraduate degree in business administration was a little more than $57,000, according to the National Association of Colleges and Employers. Biden has said hes not considering wiping out $50,000 per borrower, suggesting he might decide on a smaller figure. Congressional Research Service. However, by carefully examining the ways in which your plan could be carried out and evaluated, you will get some of the experience of the thinking required for PDSA. As most student loan payments were suspended during the year, most borrowers didnt pay any interest, and therefore dont qualify for the deduction. The survey also found that 29% of employers ran a credit check on new employees.

One of the things that I learned was before the government got into the student loan program, a lot of schools themselves, a lot of colleges themselves actually made loans to students. Our best tutors earn over $7,500 each month! whose life has been dramatically affected by student loan debts.

The stock market crashed.

I mean, how did something that was meant to get people into the middle class becomes something that is actually this anchor, not just on individuals, but really on our idea of upward mobility?

Student loan debt was supposed to be good debt the type that you take out so that you can invest in your human capital formation so that you can live your life afterward and it's morphed into something much more insidious.". MARTIN: So what was this like writing this for you, if you don't mind my asking? b. Picture Information. It can also take any other type of government payment, such as Social Security (older relatives who co-sign loans: take note).

Obama himself had relied on student loans to get through law school, as he had mentioned frequently on the campaign trail.

In its first five years, Howard taught tens of thousands of freed slaves.

he thought.

Mesa welcomed 4,967 new residents age 60 and older from other states in 2021. Founded by missionaries in 1867, the school was one of hundreds that opened across the U.S. after the Civil War to educate Black Americans, many of whom were denied entry to other colleges because of the color of their skin. We are talking about student loan debt. We were looking for projects where the dollars would be spent quickly, not saved, and the dollars could get in the hands of people quickly..

Paying off student debt "first affects your ability to get the standard things that are often required to transition into adulthood: a house, a car and a family," she says.

More than 20 million will be eligible to get their federal student debt erased entirely, and 23 million more could get it reduced, the administration said. The administration urged state unemployment officials to send a letter to every person receiving jobless benefits, telling them they could get financial aid, such as Pell Grants, if they enrolled in their local college.

While student debt soared among all demographic groups, it grew the fastest this century among Black households, at least among households that borrowed for higher education. Housing and geographic location a. From The Debt Trap: How Student Loans Became a National Catastrophe by Josh Mitchell.

Brandon continued to suffer from anxiety at Howard.

How does the information gathered compare to that of the United States?

My minimum payment is $215/month and we currently pay roughly $3,600/month. Thirty per cent of black households carry student debt, compared with 20 per cent of white ones and 14 per cent of Hispanic households, the Fed said in 2019. Obama continued a bipartisan tradition of relying on student loans as a way to finance other initiatives. She was one of those people who thought if you went to college, then the doors were opened for you, Brandon says.

the life courses of younger American citizens. Picture 1 of 1. Republicans accused Obama of nationalizing the student loan program. Incorporate an employee stock option (ESO) into a company's valuation.For the Apple Inc you researched in the first two assignments, incorporate the effect of the employee stock option (ESO) plan into the common equity valuation. Resources should be no more than five years old. Insurance carriers also use credit scores to determine insurance rates, so you'll also take a hit there, too. Our next guest, a journalist who's been tracking the issue for years, says it is a phenomenon that is shaping everything from decisions about buying homes to starting a business to when to get married.

He was soon, unable to keep up with the payments and decided to stop. The overall goal of this assessment is to create a presentation that your interviewee could potentially give in his or her organization.InstructionsPlease follow the Capella Guidelines for Effective PowerPoint Presentations [PPTX].

Student loan debt has surpassed $1.5 trillion in recent years, making it the largest type of consumer debt outstanding other than mortgages and credit card debt.

All rights reserved. The typical undergraduate accumulates $27,000 in student loan debt. They were the lender. Student loan debt affects more than your financial independence and your standard of living. Mesa welcomed 4,967 new residents age 60 and older from other states in 2021. They say: Summers was so excited by the idea he called Rahm Emanuel, Obamas chief of staff, during a rain delay. Graduation Debt: How to Manage Student Loans and Live Your Life (CliffsNotes.

But for Brandon, as well as for millions of other students, it also meant an unconscionably high debt burden.

5. Doing so helps leave a legacy of comfort and reduced stress for younger generations in a time that is often stressful for families. a legal process to get out of debt when you can no longer make all your Webthe student loan trap: when debt delays lifecan you take buscopan with citalopramcan you take buscopan with citalopram Brandon started out earning $55,000 a year answering phones, organizing events, and assisting Taylor, working out of the groups office just a few blocks from the Howard campus. We cant get jobs, but we have mounting student debt.. You may incorporate pictures in your slides.

Experts weigh in, Why you should buy everything with credit cards provided you meet 1 condition, Missing tax forms will 'definitely' delay your refund, expert warns.

Are you in need of an additional source of income?

Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. He turned to his friend sitting next to him, Harvard economist Larry Katz, and asked if he had any ideas on how to get more Americans into college. For four years, or if you go to grad school for six years or eight years or in her case, 10 years, interest is accruing on these loans.

You know, one of the things I haven't mentioned so far is that a lot of people I talked to, it's not just them with student debt, it's their parents. The nation was undergoing a shift, not just politically and economically, but culturally, particularly when it came to higher education. Access over 20 million homework documents through the notebank, Get on-demand Q&A homework help from verified tutors, Read 1000s of rich book guides covering popular titles, Lehman begins his essay by recounting the story of an erstwhile university student, Rodney Spangler, a student at the University of Texas, enrolled in an inter, degree program and graduated with honors.

And don't forget to factor in your current debt load. Obamas move merely cut out the middlemen.

That spigot created both opportunity and hardship.

Students should use APA in citations including the sources and even an interview if there is any.

At least have a paragraph of each of the nine factors.

Not owning a home makes him feel he has made a mistake that has kept him short of a key milestone and his piece of the American dream.

Stuck on a homework question?

The feds canalso garnishup to 15% of your income to help pay back your loans. .

As a state senator in Illinois in the late 1990s and early 2000s, hed been an early critic of predatory lending, which broadly refers to banks extending risky loans to unwitting borrowers who are unlikely to repay them, given their incomes or the size of the monthly payments. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests.