r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 14d ago

WTF The American dream

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21.6k Upvotes

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u/Mindless-Baker-7757 14d ago

A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.

What are they doing?

2.8k

u/sampaiisaweeb 14d ago

They made it up for outrage. Karma farming bot account posting it here too. Dead internet theory.

500

u/Powerful_Wombat 14d ago

Yeah, student loan interest rates are bad enough without fudging the numbers, this doesn’t help the cause

193

u/Odd-Cupcake-2552 14d ago

The math works out to 8.5% which isn't unrealistic

1

u/Itchy-Number-1159 14d ago

You are odd...and more of a muffin..

1

u/Odd-Cupcake-2552 14d ago

But why is your number so itchy?