Birdwatch Note Rating
2024-01-30 21:02:43 UTC - NOT_HELPFUL
Rated by Participant: B9158C291F5DBA2C9945601ABA9D0BD22CC97A8B91A9BC938E4018D289D08B7E
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