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> average college graduate has $30,000 in debt, The average listed in the article is a mean, but then you compare it to a median starting salary. If an apprec
by ncallaway 7y ago
> average college graduate has $30,000 in debt,
The average listed in the article is a mean, but then you compare it to a median starting salary.
If an appreciable fraction of college graduates have 0 debt, it could imply that students that do have debt have a higher debt that $30,000. Of course, this distribution could have lots of different shapes, so there's no conclusive statement I could make here, but it seems quite dangerous to compare the mean of one thing to the median of another and then say that there's no issue.
I'm also not disputing your other points. I'd definitely be interested in finding our more information about why the article elided those repayments (or if they haven't been happening for some other reason).