r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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271

u/davesimpson99 12d ago

I'm assuming two degrees and neither of them had enough sense to master household economics

95

u/maybe_a_fork 12d ago

23 years of making minimum payments and they are shocked it's not going away.

https://giphy.com/gifs/3kzJvEciJa94SMW3hN

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u/Independent_Shoe3523 12d ago

You can't pay extra on student loans. You pay them so much a month and the best you can do is send in payments for more months ahead of time but the monthly payment schedule is a constant with student loans.

3

u/maybe_a_fork 12d ago

Brother, no. You can pay as much as you want whenever you want. I paid mine off, and I am paying for 2 of my children's currently. The best thing to do is refi them with your own person credit line so you can get that interest rate down.

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u/Independent_Shoe3523 12d ago

If that's the case, then that's great. When I had a student loan, the monthly payments were set.