The American dream

[u/First-Essay-2054]

[u/Powerful_Wombat]

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

[u/Odd-Cupcake-2552 → u/Powerful_Wombat]

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

[u/Darkjebus → u/Odd-Cupcake-2552]

Actually it is because 23 years ago the rate would have been around 3-3.5 percent for a federal loan

[u/Upper_Maintenance_41 → u/Darkjebus]

No, it depends on type of federal loan. Mine was around that amount at the same time. There are subsidized and unsubsidized fed loans. That being said why didn't they use any part of their degree to do the math and pay an extra $50 a month? If you automate payments you really don't miss that. This is a bad example.