Competition: Find the craziest graph that shows how bad the student debt crisis really is
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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.
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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.
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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.
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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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I just realized I never got to the second point I was going to make and since people are suddenly interested in these Tweets again, I guess I ought to. 1/
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The average student debt per household is over twice the median amount, which indicates a massive skew in borrowing at the high end. In other words, there is a small minority of “super borrowers” who skew the entire distribution. 2/
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That doesn’t mean that there isn’t a problem, but it does indicate that simply looking at average debt levels is very misleading in terms of the scope of the problem. 3/
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It is also highly likely that these super borrowers account for a disproportionately large amount of defaults. Another important bit of context.
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For profit two year and four year need to be split up to make that graph fare. Misleading putting those together and splitting out for not profit since two year has higher default rate.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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