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Note that the average (mean, I assume) student loan payment is $393, according to the article. The median student loan payment is $222 (https://www.forbes.com/s

Note that the average (mean, I assume) student loan payment is $393, according to the article. The median student loan payment is $222 (https://www.forbes.com/sites/zackfriedman/2020/02/03/student-loan-debt-statistics/#35eb6f47281f https://www.forbes.com/sites/zackfriedman/2020/02/03/student...). $393 is 15% of $2620 which annualizes to $31,512, which is about the median personal income for full-time workers (whoops, before taxes). ($222 is 15% of $17,760 annual, about the poverty line for two.) That's not a wildly big change over the current state. How about 10% of taxable income?

tracker1 6y ago
20% pretax deduction would probably be sufficient for repayment. Of course loan reform in general would probably be a good idea. If there are 10k graduating with a degree in a field with only 100 jobs/year needing that degree, or likewise paying less than $40k/year, should probably not be granting loans for those degrees in the first place.
- iguy 6y ago
  10,15,20% all plausible figures, the point is just to ensure that it can't get so large that it gets in the way of living your life. > 10k graduating with a degree in a field with only 100 jobs/year needing that degree What I'd live very much to avoid is having a centralized body which makes such decisions. Under my scheme, lenders who identify such fields will be reluctant to grant loans, but how they decide what's in the field, and what exceptions to make, the can do however they like.