return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agoStudents borrowing from the federal government this fall will face the highest interest rate in more than a decadewww.nbcnews.comexternal-linkmessage-square14fedilinkarrow-up1171arrow-down14cross-posted to: news@lemmy.world
arrow-up1167arrow-down1external-linkStudents borrowing from the federal government this fall will face the highest interest rate in more than a decadewww.nbcnews.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agomessage-square14fedilinkcross-posted to: news@lemmy.world
minus-squareDrusas@kbin.runlinkfedilinkarrow-up14arrow-down1·7 months ago6.3% for undergrads, which is the same as I had some 15-20 years ago.
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up11arrow-down1·7 months agoExcept now inflation is higher, so, effectively the rate is smaller.
minus-squareZarcher@lemmy.worldlinkfedilinkarrow-up1·7 months agoThat’s only really true if your salary would grow at the rate of inflation. Which is definitely not the case.
minus-squareMxM111@kbin.sociallinkfedilinkarrow-up1·7 months agoWe will see, but so far the income per person grows quite steady adjusted for inflation if one removes random fluctuations over time: https://united-states.reaproject.org/analysis/comparative-trends-analysis/per_capita_personal_income/tools/0/0/
6.3% for undergrads, which is the same as I had some 15-20 years ago.
Except now inflation is higher, so, effectively the rate is smaller.
That’s only really true if your salary would grow at the rate of inflation. Which is definitely not the case.
We will see, but so far the income per person grows quite steady adjusted for inflation if one removes random fluctuations over time: https://united-states.reaproject.org/analysis/comparative-trends-analysis/per_capita_personal_income/tools/0/0/