4 ms·
>1 the US is lagging far behind every developed nation in education It's not as a whole. Parts of it are, Education here is local, and there are states the siz
by learc83 9y ago
>1 the US is lagging far behind every developed nation in education
It's not as a whole. Parts of it are, Education here is local, and there are states the size of Finland that compare with Finland in education outcomes.
>2 and higher education in the US is prohibitively expensive compared to other developed nations
Income based repayment ensures that you will never pay more than 10% of your disposable income (income over 1.5x the federal poverty level), and loans are forgiven if you make payments for 20 years. This assumes you only take out federal loans (90% of loan disbursements are federal and are enough to pay for public universities).
This is very similar to the system Australia has.
Additionally, the US ranks 7th in number of adults with college degree--higher than every European country except Luxembourg.
And the US has 1/3 of the top 500 ranked colleges in the world, and nearly 1/4 of the top 5000.
- pnutjam 9y agoThe "poverty line" is a joke. It's pegged to food when the largest expenses for most families are housing and medical care. I know I probably spend about the same on groceries as I spend on health insurance, without taking into account what my employer pays, deductibles, etc. I doubt many families have 10% of income to spare.
- learc83 9y agoIt's 1.5x the poverty level. That's about $37k for a family of 4. >I doubt many families have 10% of income to spare. For a family of 4, it's 10% of income over $37k, not 10% of income. If that family made the median household income of $59k, they'd be paying about $180 a month in loan repayments.