Birdwatch Note Rating
2024-02-26 05:35:38 UTC - NOT_HELPFUL
Rated by Participant: 166A58D92D60A53D61E938B4587DB31D50CB8C4C3B45A2317A405D7E0C65DE4F
Participant Details
Original Note:
Looking back at 2001 student loan rates and using amortization tables, the $500 he is claims they have paid every month would have already paid off the loan. https://www.savingforcollege.com/article/historical-federal-student-interest-rates-and-fees https://www.calculator.net/amortization-calculator.html $70,000 loan balance over 23 year period at 6.5% interest would need a $489.35 monthly payment to pay off
All Note Details