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Response to MichMan (Reply #1)

Sun Jan 19, 2020, 07:11 PM

7. That's probably part of it.

Also it's just a certain amount off the top. Like taxes. Or paying for a software subscription. Or iTunes. Or Netflix.

Then there's probably the assumption that they'll earn more later and it'll be more convenient--there's all this stuff to buy and things to do now.

I suspect that a lot of it requires looking at the details. Most of the time the easy take-away headline about student loan debt is about 45% right--it's not wrong, because it applies to some people, but it's far from the whole truth because it just applies to those that feed the circulation. How many didn't finish their degrees? How many were boutique degrees that didn't really provide more income but instead worked towards "self-fulfillment"? How many were put on hold because of graduate school or how much of the total is in forbearance until they can finish the hoop-jumping required for government to cancel/pay their loans for them?

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