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Even at 10% interest rate the amount comes too ~$120/month if you wanted too pay off 13k in 27 years

The frick, dis BIPOC couldn't pay that much?

!r-slurs are we smart compared to redditors?

Long live the CCP

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This guy is lying. There's no way his monthly payments were $600/mo on a $13k loan. I had more than twice than that in student loans and my minimum payments were like $195/mo and easily covered interest plus some principle.


https://i.rdrama.net/images/17187151446911044.webp https://i.rdrama.net/images/17093267613293715.webp https://i.rdrama.net/images/17177781034384797.webp

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It's a 40% loan. Compounded daily. Duh.

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yeah even at the original 10-year schedule it would only be like $150-$200/mo. And it would be gone in 10 years.

Not sure where exactly he's getting the whiny "wahh $600/mo" figure from. The actual payment to pay it back on time is less than a third of that.

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I refinanced my loan to one with 2.8% interest during QE. Either this person has a low interest rate and refuses to pay, or a high interest rate and is too r-slurred to refinance. There is no world where he just ends up here while being responsible and unlucky.

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