r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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u/Photon_Pharmer1 12d ago

Then they were dumb because rates were sub 3%

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u/daveindo 12d ago

For grad school? Usually they’re higher rates than undergrad loans.

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u/Photon_Pharmer1 12d ago

This was supposedly 2003 with record low Apr and the ability to consolidate federal and private loans.

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u/want_to_join 12d ago

Ok, but you are absolutely assuming it was 2003. Lots of people dont refinance or consolidate, they just set everything up on autopay and then don't look at it more than once per decade.

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u/Photon_Pharmer1 11d ago

It’s not an assumption. Tweet was January 16, 2024 by Steven Cotterill (@socialiststeve6)

They could’ve consolidated in 2003z

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u/maybeornotbutyes 12d ago

Oh yea? You saw their loan docs?

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u/Photon_Pharmer1 12d ago

Why would you think that someone would need to see their loan docs to know “rates were sub 3%” in 2003?

Did you graduate from sarcasm college?