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Four year college stats: over 40% of students don't have loans. Of the remaining under 60%, mean debt is ~$30k and median debt is ~$20k of low interest loans. A
by SideQuark 3y ago
Four year college stats: over 40% of students don't have loans. Of the remaining under 60%, mean debt is ~$30k and median debt is ~$20k of low interest loans. Average lifetime income gain is well over $1m.
That's not lifelong debt. Most people buy houses that are many multiples of this, cats that are similar to this, and many other items with far less benefit.
Calling this lifelong debt is nonsense and fringe outcomes at best.
- red-iron-pine 3y agosource me, cuz I don't believe that. and if true, I'm keen to see how -- I bet heavy enrollment in community colleges and dubious for-profit online schools may skew the numbers.
- SideQuark 3y agoGoogle college loan stats. Dozens of places to read, for example, [1,2,3]. All on the first few links. > I bet heavy enrollment in community colleges and dubious for-profit online schools may skew the numbers. When you have beliefs that are not formed by looking at well sourced data, but are made from anecdotes, then it's hard for you to believe actual data. Spend some time looking up proper sourced data, then claim disbelief. Or simply type a few words into google and read a few things. [1] https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/ https://www.forbes.com/advisor/student-loans/average-student... [2] https://educationdata.org/student-loan-debt-statistics https://educationdata.org/student-loan-debt-statistics [3] https://www.lendingtree.com/student/student-loan-debt-statistics/ https://www.lendingtree.com/student/student-loan-debt-statis...