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Even if the quote says the public system that covers most students is "working well", the average student loan debt of a graduate is still pretty high [1]: > W
by majos 8y ago
Even if the quote says the public system that covers most students is "working well", the average student loan debt of a graduate is still pretty high [1]:
> When they graduate [in 2016] the average student loan borrower has $37,172 in student loans, a $20,000 increase from 13 years ago.
Of course this is an average, but I don't expect this is something where some people with millions of dollars in student loans are skewing the averages. I imagine the median is not that far off.
[1] https://www.cnbc.com/2018/02/15/heres-how-much-the-average-student-loan-borrower-owes-when-they-graduate.html https://www.cnbc.com/2018/02/15/heres-how-much-the-average-s...
- mcguire 8y ago$17,000 And only ~50% of students had student loan debt. https://www.federalreserve.gov/publications/2017-economic-well-being-of-us-households-in-2016-education-debt-loans.htm https://www.federalreserve.gov/publications/2017-economic-we...