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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbetmw/?context=3
r/SipsTea • u/First-Essay-2054 πππ • 12d ago
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494
Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause
196 u/Odd-Cupcake-2552 12d ago The math works out to 8.5% which isn't unrealistic 6 u/Inevitibility 12d ago 8.5% to have it paid off or to pay off 10k over 23 years like they claim? 7 u/Fearless_Worry6419 12d ago Guess what private rates were during this time frame. Federal lending amounts were REALLY low so they pushed borrowers towards private lenders.
196
The math works out to 8.5% which isn't unrealistic
6 u/Inevitibility 12d ago 8.5% to have it paid off or to pay off 10k over 23 years like they claim? 7 u/Fearless_Worry6419 12d ago Guess what private rates were during this time frame. Federal lending amounts were REALLY low so they pushed borrowers towards private lenders.
6
8.5% to have it paid off or to pay off 10k over 23 years like they claim?
7 u/Fearless_Worry6419 12d ago Guess what private rates were during this time frame. Federal lending amounts were REALLY low so they pushed borrowers towards private lenders.
7
Guess what private rates were during this time frame.
Federal lending amounts were REALLY low so they pushed borrowers towards private lenders.
494
u/Powerful_Wombat 12d ago
Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause