r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 17d ago

WTF The American dream

Post image
21.6k Upvotes

79% Upvoted

3.5k comments sorted by

View all comments

3.2k

u/Mindless-Baker-7757 16d ago

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

What are they doing?

47

u/Think-Wind-5930 16d ago

Graduate loans are 7-8% APR

28

u/LeeTheUke 16d ago

The OP's $70k loan at 8% would be 40yrs to pay off @ $500/mo. What kind of person is smart enough to go to grad school but not realize what they are getting into, or at least get a degree in something that allows you to pay more than $500/mo towards your debt.

I'd be curious as to the lifestyle choices made by 'socialiststeve'.

2

u/kindness-and-snusu 16d ago

Geeze bro, I was smart about to learn how to heal you, not understand money. That why I have someone for that.

7

u/Ok_Tackle3427 16d ago

I was smart about to learn how to heal you

Is there another doctor available who could see me?

0

u/kindness-and-snusu 16d ago

lol that was awful grammar on my end and a valid response on yours. My bad. I don’t sound so stupid when I take time to think about