I wonder how defaults are doingpic.twitter.com/7aDKKPyFZ7
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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
How does student loans as a percent of disposable income go below zero?
No matter how much discretionary income grows, student loan payments as a percentage cannot be below zero. But I get the gist
They can shrink, which is negative growth...
I want to see the breakdown of how much debt is for traditional colleges and universities vs for profit scams (i.e ITT tech, Corinthian Colleges). And the average default rate between the two types. Also default rate by major.
You are a chart genie.
Someone i know was like "yeah everyone should just default on their loans, they'll have to forgive everyone's loans eventually"
So glad we managed to scrape the money together and made our kids go to colleges they/we could afford. This is an outrage.
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