Student loans are a huge drag on the economy, as it postpones other key events in one’s life, such as buying a home. But something else is going on as well. Lo

Student loans are a huge drag on the economy, as it postpones other key events in one’s life, such as buying a home. But something else is going on as well. Lots of these articles talk about student loans as an average, however, the median defaulter looks very different — The median defaulter does so with a loan of Just under 10k [1] and not the average of 22k as shown in this article. It is worth discussing why the median defaulter is unable to pay roughly $100 per month (assuming a 10y payment plan), and how to address that issue. When viewed from this perspective, the problem does not seem insurmountable. I was lucky enough to not need to borrow more than the average amount and pay it off quickly. [1] https://www.americanprogress.org/issues/education-postsecondary/reports/2017/12/14/444011/student-loan-defaulters/ https://www.americanprogress.org/issues/education-postsecond...