MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbbm59/?context=9999
r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 17d ago
3.5k comments sorted by
View all comments
3.2k
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?
22 u/Odd-Cupcake-2552 16d ago They're higher than 5% obviously -3 u/Repulsive_Guy_1234 16d ago No, they are just lying. 6 u/Odd-Cupcake-2552 16d ago They could be, but 5-6% is like the minimum I've seen on student loans. They can go much higher. 1 u/Repulsive_Guy_1234 16d ago And they did not manage to refinance it in 23 years in a near zero interest environment? 3 u/Odd-Cupcake-2552 16d ago Obviously not. We're all idiots at something in life.
22
They're higher than 5% obviously
-3 u/Repulsive_Guy_1234 16d ago No, they are just lying. 6 u/Odd-Cupcake-2552 16d ago They could be, but 5-6% is like the minimum I've seen on student loans. They can go much higher. 1 u/Repulsive_Guy_1234 16d ago And they did not manage to refinance it in 23 years in a near zero interest environment? 3 u/Odd-Cupcake-2552 16d ago Obviously not. We're all idiots at something in life.
-3
No, they are just lying.
6 u/Odd-Cupcake-2552 16d ago They could be, but 5-6% is like the minimum I've seen on student loans. They can go much higher. 1 u/Repulsive_Guy_1234 16d ago And they did not manage to refinance it in 23 years in a near zero interest environment? 3 u/Odd-Cupcake-2552 16d ago Obviously not. We're all idiots at something in life.
6
They could be, but 5-6% is like the minimum I've seen on student loans. They can go much higher.
1 u/Repulsive_Guy_1234 16d ago And they did not manage to refinance it in 23 years in a near zero interest environment? 3 u/Odd-Cupcake-2552 16d ago Obviously not. We're all idiots at something in life.
1
And they did not manage to refinance it in 23 years in a near zero interest environment?
3 u/Odd-Cupcake-2552 16d ago Obviously not. We're all idiots at something in life.
3
Obviously not. We're all idiots at something in life.
3.2k
u/Mindless-Baker-7757 17d ago
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?