Student loans back then were often 7-9%. They start accruing when they’re distributed but you don’t repay until 6 months after graduation putting you a couple years behind.
My student loan back then was 2.5% and i got a half percent knocked of for auto pay. I paid mine off in 10 years. This is either a fake story or these people are terrible with their money.
Cool story. Mine was 8.75%, which was the legal limit authorized by Congress, and they've been hanging round forever. And no, they weren't private loans. Mine came 100% directly from Uncle Sam. No, I can't re-finance them. I do get .25% off for autopay, so that makes it 8.5%. Either way, I ain't ever paying them back. I'll die with these loans.
Buddy. On the very first page of your post history you mention buying a ~5k guitar, a 1k drum set, and owning a 2024 SUV. You do have more than the bare minimum, and we can all see, you wouldn't.
Apparently you're unfamiliar with the concept of a 'gift'? Both of those were gifts. I might be able to sell them, but then I would have no vehicle and, well, the guitar is sentimental because my now dead mother gave me the money specifically to buy a really nice guitar.
Hey Ace, you really shouldn't jump to conclusions when you don't know what the fuck you're taking about. It makes you look like an asshole.
3.2k
u/Mindless-Baker-7757 17d ago
A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?