This is a good onepic.twitter.com/eK0xHrvfrV
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Eventually this graph should be about level. But it's not.pic.twitter.com/yYM59wRvGk
Note how debt and tuition go up in parallel. Not stopping yet.pic.twitter.com/aEuEoTnxP8
If this were a revenue graph you could raise a VC round based on it. But it's student loan debt.pic.twitter.com/2mVf5E0J8D
Here's a winner. Student loans as a percentage of federal assets. Hint: it's nearing FIFTY PERCENTpic.twitter.com/5Lu4ZqyGNf
African Americans that went to college in 2003-2004 are experiencing a SEVENTY PERCENT default ratepic.twitter.com/05M9NP1yn0
Don't forget: this is one of the only debts that has ever existed that you cannot bankrupt your way out of
Question: Will the federal government just forgive all of the student loan debt? Answer: what do you think?pic.twitter.com/kA5UsdhLYZ
Don't forget the impact flows over to the rest of the economypic.twitter.com/SJgACZBTXi
Look at how the debt is shifting from just young people to older folks that should be retiring. Courtesy @upfinacompic.twitter.com/Wl68te903U
Couple of thoughts: 1) the biggest issues in student debt are with for-profit colleges and universities--default rates are much higher and the ROI on those tuition dollars is very often approximately zero. Curtailing that scam would be a huge step in the right direction.
Unfortunately that's simply not true (though for-profits are among the worst offenders)pic.twitter.com/WBzHhF8ZMI
Your chart shows that default rates on loans for For-Profit colleges is much higher than for Four Year public and private colleges. They also tend to have a very low ROI.
yes, but not drastically, and it's certainly not true that four year public/private are close to zero. And public two-year is even worse than for profit.
I just noticed that you are the CEO of an online school, which I assume is for-profit. Perhaps your school is different than ITT Tech, Univ. of Phoenix, etc.. I hope so.
Sounds very different. Hopefully it is a good business model for you. You definitely have a stake in the success of your students, unlike most others.
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