Birdwatch Note Rating
2024-08-10 16:14:34 UTC - NOT_HELPFUL
Rated by Participant: 1B6343955F373B8096B4EBBFA11CD592514558300BF5B2FC644E39D8D7E6020F
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