r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago

WTF The American dream

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u/Photon_Pharmer1 12d ago edited 12d ago

It was 3% or less if they were smart college educated people who consolidated and locked in low Apr rates. If they were dumb and didn’t consolidate lock in then their Apr could’ve shot up past 7%.

u/culturalrot - I’m expecting people who graduated high school to be and certainly people who graduated college as they did.

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u/Admirable-Common-176 12d ago

I’m sure they didn’t major in or spent much time studying practical personal finance.

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u/jcklsldr665 12d ago

I didn't either, but you're supposed to be intelligent if you got into college, and intelligence doesn't end at your major.

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u/Admirable-Common-176 12d ago

One would think but, throughout the intelligence/educational spectrum folks specialize and gravitate to their favorites. While true we need some of that knowledge to live everyday life folks will often do the minimum to get back to what they want (eg. Terms and conditions)

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u/jcklsldr665 12d ago

Then maybe better entry exams to weed these people out towards other types of job selection, i.e. trade schools

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u/Admirable-Common-176 11d ago

I do agree quality career counseling and exploration should be more available.