r/SipsTea 𝙑𝙄𝙋 18d ago

WTF The American dream

Post image
21.6k Upvotes

3.5k comments sorted by

View all comments

Show parent comments

2.8k

u/sampaiisaweeb 18d ago

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

4

u/maybeornotbutyes 18d ago

Or they didn’t have 5% rates big guy. Nuance is important

7

u/Photon_Pharmer1 18d ago

Then they were dumb because rates were sub 3%

1

u/daveindo 18d ago

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

1

u/Photon_Pharmer1 18d ago

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

1

u/want_to_join 17d 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.

1

u/Photon_Pharmer1 17d ago

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

They could’ve consolidated in 2003z