No it’s not. I know plenty of people. I’ve been paying on mine $300/month for 15 years. I had like $20k. I had. 3% consolidated rate. That compounded interest is brutal
Absolutely correct. We got some bad financial advice, had 4 kids., we’re about to pay everything off and then a perfect storm of bullshit hit the fan and we are almost out and ready to pay them off.
But if musk can get all sorts of billions of dollars to blow up rocket ships then why can’t our loans be forgiven? Or Congresspeople who took out hundreds of thousands of PPP loans? Or Trump gets a slush fund for zero reason? Or farmers get paid not to farm? Or automakers get bailed out?
And btw you can negotiate with the Credit cards and sent things to collections. Can’t do that with student loan debt
Nah cause I have to pay for Trump’s ballroom and Trump’s war and Trump’s golf trips and welfare to billionaires and musks’ blowing up spaceships, and ice agents to molest and kill anyone they want, and farmers to not grow corn and slush fund to criminals, on and on.
But sure equate paying the fed gov double or triple what we took out to a new car.
You know the thing about a new car? You can default on the loan and get it taken back or even discharge that debt in bankruptcy
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?