Birdwatch Note Rating
2024-01-18 05:22:17 UTC - HELPFUL
Rated by Participant: 51658B7DEE2D4A92053B55BAA27293C75F0590ACBFBBD77B8985F87CA4C6C4CC
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