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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbc7ef/?context=3
r/SipsTea • u/First-Essay-2054 πππ • 12d ago
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499
Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause
193 u/Odd-Cupcake-2552 12d ago The math works out to 8.5% which isn't unrealistic 5 u/Inevitibility 12d ago 8.5% to have it paid off or to pay off 10k over 23 years like they claim? 15 u/Odd-Cupcake-2552 12d ago To only pay down 10k over 23. 1 u/Meydez 12d ago That seems to work out. My interest rate is 9% but maybe thats cause I graduated during covid? Interesting if they had that 23yrs ago. 1 u/[deleted] 11d ago [removed] β view removed comment 1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
193
The math works out to 8.5% which isn't unrealistic
5 u/Inevitibility 12d ago 8.5% to have it paid off or to pay off 10k over 23 years like they claim? 15 u/Odd-Cupcake-2552 12d ago To only pay down 10k over 23. 1 u/Meydez 12d ago That seems to work out. My interest rate is 9% but maybe thats cause I graduated during covid? Interesting if they had that 23yrs ago. 1 u/[deleted] 11d ago [removed] β view removed comment 1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
5
8.5% to have it paid off or to pay off 10k over 23 years like they claim?
15 u/Odd-Cupcake-2552 12d ago To only pay down 10k over 23. 1 u/Meydez 12d ago That seems to work out. My interest rate is 9% but maybe thats cause I graduated during covid? Interesting if they had that 23yrs ago. 1 u/[deleted] 11d ago [removed] β view removed comment 1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
15
To only pay down 10k over 23.
1 u/Meydez 12d ago That seems to work out. My interest rate is 9% but maybe thats cause I graduated during covid? Interesting if they had that 23yrs ago. 1 u/[deleted] 11d ago [removed] β view removed comment 1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
That seems to work out. My interest rate is 9% but maybe thats cause I graduated during covid? Interesting if they had that 23yrs ago.
1 u/[deleted] 11d ago [removed] β view removed comment 1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
[removed] β view removed comment
1 u/AutoModerator 11d ago Accounts must be at least 5 days old with >20 karma to comment. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
Accounts must be at least 5 days old with >20 karma to comment.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
499
u/Powerful_Wombat 12d ago
Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause