Competition: Find the craziest graph that shows how bad the student debt crisis really is
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Note how debt and tuition go up in parallel. Not stopping yet.pic.twitter.com/aEuEoTnxP8
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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
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Here's a winner. Student loans as a percentage of federal assets. Hint: it's nearing FIFTY PERCENTpic.twitter.com/5Lu4ZqyGNf
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African Americans that went to college in 2003-2004 are experiencing a SEVENTY PERCENT default ratepic.twitter.com/05M9NP1yn0
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Don't forget: this is one of the only debts that has ever existed that you cannot bankrupt your way out of
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Question: Will the federal government just forgive all of the student loan debt? Answer: what do you think?pic.twitter.com/kA5UsdhLYZ
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Don't forget the impact flows over to the rest of the economypic.twitter.com/SJgACZBTXi
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Look at how the debt is shifting from just young people to older folks that should be retiring. Courtesy
@upfinacompic.twitter.com/Wl68te903U
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Massive student debt is mostly US phenomenon. In other countries you can get decent education without going deep in debt. Large employers however, especially in software development, are global companies and they hire globally. Don't you think a global school is a viable option?
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I know it is
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Just for a little more context: grants & financial aid have mostly kept up with tuition increases in the US. The sticker price is certainly high but only upper-middle class & beyond pay that. College is effectively a progressive tax on the wealthy. https://bit.ly/2NNR2Ec
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Where “wealthy” = middle class
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Another way to view it: Europe decided to not pay the housing & book costs for college students from poor families—America did. Not sure which one is ethically sound.
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