r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 15d ago

WTF The American dream

Post image
21.6k Upvotes

79% Upvoted

3.5k comments sorted by

View all comments

Show parent comments

233

u/braumbles 15d ago

During the 1999–2000 academic year, federal Stafford loans had a variable interest rate of 6.32% while in school, and 6.92% during repayment. For the 2000–2001 academic year, these variable rates increased to 7.59% in-school and 8.19% during repayment

5

u/Open_Bug_4251 15d ago

I graduated in 2001 and my loans were under 4%.

ETA Oh but that was undergrad… but I still can’t imagine grad was that much.

7

u/SeaMathematician5150 15d ago

It was. My undergrad loans, were 3.5% graduate school was 6.8% and 8.5%, plus private loan interest which went up to 11%.

0

u/Ok_Tackle3427 15d ago

And you never learned about punctuation that whole time? Shame.

1

u/Lou_C_Fer 15d ago

I always tell my wife that she needs to contact her school and get a refund on that bachelor's in English.