Birdwatch Note Rating
2024-01-18 03:22:30 UTC - NOT_HELPFUL
Rated by Participant: CEDF14DB83FE181E9604AC80B709827E0C5D80F4D48909B3EE0B4822E9F65663
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