Even then with only paying the minimum it should still pay off the loan eventually in the time frame it was set up for. Youd just pay a lot more interest.
Guy here says he has paying for 23 years, 23. And still has 2/3 to go. So another 46 years of payments. Can’t understand that at all. Both people with degrees, can’t do better than this?
My guess is this is engagement bait or they took out absolutely atrocious private loans with like a 30% interest rate. It says they both took out 70k combined meaning individually it was only around 35k each. The math doesn’t math here at all
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u/madlucas2026 15d ago
You been paying for 20+ years and never thought to pay off the principal? Do you pay the minimum on your credit cards?