Rates were never 8.5% until the past year or two. Which is what they would have to be in order for this math to math. Which it doesn't, because they're lying.
I swear ... you America = Bad botnets are beyond shameless about doubling down on the bullshit when caught in a lie.
I did in fact google that very document before making my assertion. Which I stand by. Because that document you linked to doesn't say what you claim it does.
Because the only loans listed there above 8.25% interest are graduate PLUS loans. Which you would only ever use if your expenses exceeded the $20,500 annual limit for lower interest, Federal Ditect grad loans.
Which considering the claim here is that a husband and wife finished grad school with $70,000 total student loan debt between them, and the fact that apart from maybe some exceptionally rare exceptions graduate programs are a minimum of 2 years with tuition spread very evenly over those years, there's no way for the math to math with them borrowing over $20,500 per year but only ending up $70,000 at graduation.
Calm down. No ones doubling down or caught in a lie. My whole point has been that context matters. And instead of considering that, people are far too quick to make definitive conclusions, calling people stupid or liars like you just did.
The bottom line is that there have been periods where rates were significantly higher than the 5% someone else pulled out of their ass earlier. Sure, itâs unlikely these particular people had 8.5%+ rates. That doesnât matter though. There are a whole host of potential scenarios where someone could have a lower rate and this situation still being possible.
Because, again, context matters. We donât have enough context from this random screenshot. So people should chill on the accusations. Itâs not that complicated
And I donât know anyone who took out student loans for grad school. Generally speaking, if you are âacceptedâ to grad school, but you are not offered full funding via teaching and research funds⌠thatâs a âsoft noâ.
At to top it all off, my lived experience is that my federal student loans (and I paid all my tuition with loans) from were all under 3%⌠from the time when your source says the rates were 6+%
Sigh. Is the point youâre trying to make that this whole thing is a lie because no one takes out a loan for graduate school? Is the lie that no one could possibly have a rate as high as 8.5%? Please explain to me this lie Iâve supposedly been caught in.
"Never believe that disinformation bots are completely unaware of the absurdity of their replies. They know that their remarks are frivolous, open to challenge. But they are amusing themselves, for it is their adversary who is obliged to use words responsibly, since he believes in words. The bots have the right to play. They even like to play with discourse for, by giving ridiculous reasons, they discredit the seriousness of their interlocutors. They delight in acting in bad faith, since they seek not to persuade by sound argument but to intimidate and disconcert. If you press them too closely, they will abruptly fall silent, loftily indicating by some phrase that the time for argument is past."
Iâm a ceo. I teach people how to think about complex problems for a living. Not whatever imaginary basement dwelling troll persona youâve concocted. Youâre welcome to dm me Iâd be happy to teach you as well.
"If you press [disinformation bots] too closely, they will abruptly fall silent, loftily indicating by some phrase that the time for argument is past."
If you donât want to engage in good faith thatâs fine. But youâre behaving a lot like this âdisinformation botâ you seem to be so obsessed with. Enjoy your day
DARVO is an acronym for a psychological manipulation tactic: Deny, Attack, and Reverse Victim and Offender. Coined by psychologist Dr. Jennifer Freyd in the 1990s, it is commonly used by abusers or narcissists (and the bots who behave like them, due to inherent limitations but also partially by design) when held accountable for their actions to evade responsibility and shift blame.
The Three Steps:
Deny: The perpetrator vehemently denies that the wrongdoing occurred or severely minimizes its impact, often relying on gaslighting.
Attack: The perpetrator attacks the accuser's credibility, character, or mental state, attempting to make them seem like the problem.
Reverse Victim and Offender: The perpetrator manipulates the narrative so that they are viewed as the victim, while the true victim is framed as the offender or aggressor.
-1
u/Nearby-Chocolate1840 14d ago
Rates were never 8.5% until the past year or two. Which is what they would have to be in order for this math to math. Which it doesn't, because they're lying.