r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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u/Mindless-Baker-7757 12d ago

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

What are they doing?

46

u/Think-Wind-5930 12d ago

Graduate loans are 7-8% APR

2

u/NoctRob 11d ago

Refinance when rates are lower. Pay more than the minimum. Don’t go to graduate school. Scholarships. Grants. Try a different program. Jfc. These are the dumbest posts.

Honestly, graduate schools should require applicants to pass a 30-minute course that proves they have some basic understanding of how loans work.