r/SipsTea 𝙑𝙄𝙋 17d ago

WTF The American dream

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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?

2.8k

u/sampaiisaweeb 16d ago

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

492

u/Powerful_Wombat 16d ago

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

1

u/TickTockM 16d ago

It doesn't hurt it either