4 ms·
That's just not true. “While 39% of borrowers did not complete a degree, they account for only 23% of debt borrowed” [1] The stats clearly show the vast majori
by kongolongo 4y ago
That's just not true. “While 39% of borrowers did not complete a degree, they account for only 23% of debt borrowed” [1]
The stats clearly show the vast majority of student loan debt is held by degree holders and disproportionately by graduate degree holders with extremely high earnings potentials (doctors, lawyers, MBAs)[2]. Remember debt is a financial instrument, not necessarily a bad outcome. Graduate degree pursuers often hold a lot more debt, but will become much better positioned to repay it a few
years after graduation.
[1]https://www.politifact.com/factchecks/2021/feb/12/alma-adams/democrats-say-40-people-college-debt-didnt-get-deg/ https://www.politifact.com/factchecks/2021/feb/12/alma-adams...
[2]https://www.brookings.edu/research/student-loan-forgiveness-is-regressive-whether-measured-by-income-education-or-wealth/#cancel https://www.brookings.edu/research/student-loan-forgiveness-...