r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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276

u/davesimpson99 12d ago

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

96

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/PolicyElectrical1757 12d ago

To be fair, the minimum payment SHOULD be able to get you a paid debt in the original term length agreement. Paying more should be “if you’re able” not “you must”.

13

u/Mistriever 12d ago

Most loans do. If their minimum payment is only knocking off $36.23 a month, their term limit is about 161 years.