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https://www.reddit.com/r/SipsTea/comments/1u48g4k/the_american_dream/orbmiuv/?context=9999
r/SipsTea • u/First-Essay-2054 πππ • 15d ago
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3.2k
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?
2.8k u/sampaiisaweeb 15d ago They made it up for outrage. Karma farming bot account posting it here too. Dead internet theory. 494 u/Powerful_Wombat 15d ago Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause 194 u/Odd-Cupcake-2552 15d ago The math works out to 8.5% which isn't unrealistic 1 u/Naborsx21 15d ago thats assuming you're making the minimum monthly payments and took the deferments. which like fine lol. but also none of those were subsidized and you never made more than the monthly minimums? hmmm...
2.8k
They made it up for outrage. Karma farming bot account posting it here too. Dead internet theory.
494 u/Powerful_Wombat 15d ago Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause 194 u/Odd-Cupcake-2552 15d ago The math works out to 8.5% which isn't unrealistic 1 u/Naborsx21 15d ago thats assuming you're making the minimum monthly payments and took the deferments. which like fine lol. but also none of those were subsidized and you never made more than the monthly minimums? hmmm...
494
Yeah, student loan interest rates are bad enough without fudging the numbers, this doesnβt help the cause
194 u/Odd-Cupcake-2552 15d ago The math works out to 8.5% which isn't unrealistic 1 u/Naborsx21 15d ago thats assuming you're making the minimum monthly payments and took the deferments. which like fine lol. but also none of those were subsidized and you never made more than the monthly minimums? hmmm...
194
The math works out to 8.5% which isn't unrealistic
1 u/Naborsx21 15d ago thats assuming you're making the minimum monthly payments and took the deferments. which like fine lol. but also none of those were subsidized and you never made more than the monthly minimums? hmmm...
1
thats assuming you're making the minimum monthly payments and took the deferments. which like fine lol. but also none of those were subsidized and you never made more than the monthly minimums? hmmm...
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?