Birdwatch Note Rating
2024-02-26 06:08:25 UTC - NOT_HELPFUL
Rated by Participant: 37C0EE6FBB56AB507E19CCCADC982B9B0E8E0DED9F2E048118682741A895C020
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