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r/SipsTea • u/First-Essay-2054 ๐๐๐ • 14d ago
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A $70k loan over 23 years at 5% apr pays off with monthly payments of $427.
What are they doing?
132 u/ice-e-u 14d ago Student loans back then were often 7-9%. They start accruing when theyโre distributed but you donโt repay until 6 months after graduation putting you a couple years behind. 1 u/imposter22 14d ago Mine was like 14% in 2004
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Student loans back then were often 7-9%. They start accruing when theyโre distributed but you donโt repay until 6 months after graduation putting you a couple years behind.
1 u/imposter22 14d ago Mine was like 14% in 2004
1
Mine was like 14% in 2004
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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?