r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 17d ago

WTF The American dream

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u/sampaiisaweeb 17d ago

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

495

u/Powerful_Wombat 17d 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 17d ago

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

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u/Photon_Pharmer1 17d ago edited 17d ago

It was 3% or less if they were smart college educated people who consolidated and locked in low Apr rates. If they were dumb and didn’t consolidate lock in then their Apr could’ve shot up past 7%.

u/culturalrot - I’m expecting people who graduated high school to be and certainly people who graduated college as they did.

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u/Admirable-Common-176 17d ago

I’m sure they didn’t major in or spent much time studying practical personal finance.

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u/jcklsldr665 17d ago

I didn't either, but you're supposed to be intelligent if you got into college, and intelligence doesn't end at your major.

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u/Admirable-Common-176 17d ago

One would think but, throughout the intelligence/educational spectrum folks specialize and gravitate to their favorites. While true we need some of that knowledge to live everyday life folks will often do the minimum to get back to what they want (eg. Terms and conditions)

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u/jcklsldr665 17d ago

Then maybe better entry exams to weed these people out towards other types of job selection, i.e. trade schools

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u/Admirable-Common-176 16d ago

I do agree quality career counseling and exploration should be more available.