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You can't forget the HN demographic of upper middle class white men who pay for their children's education. I'd say most young adults entering college have a lo
by bluntfang 6y ago
You can't forget the HN demographic of upper middle class white men who pay for their children's education. I'd say most young adults entering college have a loan in their name.
Cursory research [0] says
>Today, roughly 70% of American students end up taking out loans to go to college. The average graduate leaves school with around $30,000 in debt and all told, some 45 million Americans owe $1.6 trillion in student loans — and counting.
[0] https://www.marketplace.org/2019/09/30/70-of-college-students-graduate-with-debt-how-did-we-get-here/ https://www.marketplace.org/2019/09/30/70-of-college-student...
- TonyTrapp 6y agoAgain that is a very US-centric view. You don't pay 25,000$ a year for attending a university in Europe.
- TheAdamAndChe 6y agoThe post is titled "America's True Unemployment Rate," so it does make sense in this case to assume were talking about USA. I certainly was in my comment above.
- TonyTrapp 6y agoFair point about your comment, I'm just trying to make my point based on the original generalization I replied to: Part of it is simply wrong even for the US (see siblings), and the rest cannot stand as a generalization for the rest of the world, which "any statistics about students" doesn't account for.
- bluntfang 6y agoThanks, HN is a US-centric website.