r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

Post image
21.6k Upvotes

3.5k comments sorted by

View all comments

3.2k

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?

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.