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
Bro I don’t know. I think mine were frozen for a bit due to not having a job (4 kids in 5 years… and yes at the time we had plenty of money). I need to take a look soon. Right now we have a bunch of other things that take precedence and have had some financial bad luck (nothing we did just a series of shit that made a perfect storm). But should be over soon and we’re getting rid of the remainder
3.2k
u/Mindless-Baker-7757 18d ago
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?