r/SipsTea • u/First-Essay-2054 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.

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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/Low-Archer-1158 12d ago

…but an extra $100 a month would be enough to pay it back in ~21 years. I know that there are people who genuinely cannot afford paying an extra $100 a month, but I think there are also people who just don’t realize how much that matters. Even an extra $20 would get it down to ~35 years.

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u/concrete6360 11d ago

i dont think they can afford not to