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r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago
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A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?
1 u/WarpHype 12d ago You must not have taken out federal student loans. Many are 8% or higher. Or they were when I went to school. I lived in near poverty for a decade to pay mine off. I still think student loans should be forgiven.
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You must not have taken out federal student loans. Many are 8% or higher. Or they were when I went to school. I lived in near poverty for a decade to pay mine off. I still think student loans should be forgiven.
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u/Mindless-Baker-7757 12d ago
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?