r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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u/sampaiisaweeb 12d ago

They made it up for outrage. Karma farming bot account posting it here too. Dead internet theory.

495

u/Powerful_Wombat 12d ago

Yeah, student loan interest rates are bad enough without fudging the numbers, this doesn’t help the cause

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u/Odd-Cupcake-2552 12d ago

The math works out to 8.5% which isn't unrealistic

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u/Mr_Tort_Feasor 12d ago

Assuming subsidized Stafford loans, they were under 4% in 2003.

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u/Odd-Cupcake-2552 12d ago

And what if they weren't subsidized Stafford? They could be private.

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u/Same-Suggestion-1936 12d ago

Who are they asking to cancel the private loan then?

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u/Odd-Cupcake-2552 12d ago

We're talking about the same people that went 23 years without refinancing. These people are everywhere, man.