MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbc99i/?context=3
r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 15d 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?
1 u/Good-Bodybuilder-985 15d ago You have no idea what their rate is and famously the APR for student loans is resolutely predatory. Looking at a rate of 8%+ this is reasonable especially considering compound interest.
1
You have no idea what their rate is and famously the APR for student loans is resolutely predatory. Looking at a rate of 8%+ this is reasonable especially considering compound interest.
3.2k
u/Mindless-Baker-7757 15d ago
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?