Competition: Find the craziest graph that shows how bad the student debt crisis really is
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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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End of conversation
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Sadly, policies that make borrowing easier increase the demand and price for the thing to buy. And then it's a trap b/c getting rid of the policy harms those who need it now that prices have adjusted. Policies subsidizing home ownership and mortgages are similar.
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Is this per year?
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Surely that's just a coincidence....
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This is gross tuition not net of grants, scholarships.
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