4 ms·
That's a snapshot in time. Yes, some people who have been out of college for twenty years have paid their debt down to less than $10K. Also, a sizeable percent
by jellicle 9y ago
That's a snapshot in time. Yes, some people who have been out of college for twenty years have paid their debt down to less than $10K. Also, a sizeable percentage of homeowners have mortgages of less than $10K, at this instant. But both student borrowers and homeowners started off with more debt. You're assuming they're graduating with $10K debt. Actual average debt at graduation is $37K.
- ProfessorLayton 9y agoThat 37k average is distorted by graduate and professional degrees [1], which is why I specifically referred to undergraduate debt, which are the bulk of all graduates. [1] https://static.newamerica.org/attachments/750-the-graduate-student-debt-review/GradStudentDebtReview-Delisle-Final.pdf https://static.newamerica.org/attachments/750-the-graduate-s...