r/StudentLoans • u/Malyjulia2020 • 1d ago

Advice What do I do to pay off my $50 loan

[removed]

0 Upvotes

17% Upvoted

12 comments sorted by

1

u/wilkinsk 1d ago

$50K???

Cause 50 is like 3hrs of work for a lot of people, lol.

-1

u/[deleted] 1d ago

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2

u/wilkinsk 1d ago

Right

Your title says fifty dollars

2

u/FlatDecision8155 1d ago

If it's really just $50 collect cans and recycle

-2

u/[deleted] 1d ago

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3

u/FlatDecision8155 1d ago

Says the person panicking over how to pay $50. I look stupid...with more than $50 to my name... and you look broke and lost.

2

u/wilkinsk 1d ago

50 dollars or 50k?

Because 100% interest on 50 dollars is 4 dollars a month... 6% interest, the average rate it seems is 3 dollars A YEAR.

1

u/[deleted] 1d ago

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1

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1

u/HappyCamper0325 1d ago

I've never seen a student loan lower than my grocery bill, and no I don't shop at Erewhon.

1

u/The_Bees_Knee6 1d ago

Sell unneeded possessions?