- May 14, 2023
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Nothing that dramatic. The mc just has a normal "student loan".I think it's mentioned exactly once. The MC has a subsidised student loans for students with financial needs, which basically means that the goverment pays the interests of the loan for half of your study time, plus 6 months after you finished and for an additional time up to a year if you did not find a job yet.
It's important to note here that there is no loan forgiveness, but the saving on interests alone are very impactfull for a student who has nothing and just finished college.
I believe the MC called it "Student loan for the poor".
The whole purpose of a student loan is you don't have to start paying it back until several months after you graduate (enough time to find some kind of job to start making repayments). From studentaid.gov:
"You begin repaying most federal student loans six months after you leave college or drop below half-time enrollment. PLUS loans enter repayment once your loan is fully disbursed (paid out). for an additional six months after you leave school or drop below half-time enrollment status. "
In episode 1, if the mc turns down his dad's offer to use his savings:
mc: "I can't accept this. I'll take a student loan and will find a way to earn some extra pocket money."
And later when Josy suggests he'll need the pay from their summer job for college he responds:
mc: "Sure, but I'm taking a student loan, just like most students."
Josy then goes on to say how her dad is paying for her tuition.
So yeah, totally normal, typical student loan that is available to everyone except Maya because she's an idiot.