It's actually impressive how incapable and r-slurred these folks are
This Redditor took out a $13k student loan 27 years ago. He still hasn't paid it off
https://old.reddit.com/r/StudentLoans/comments/1ayx11t/so_bummed_i_didnt_get_the_forgiveness_email/
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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.
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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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