Does $10K student loan forgiveness help you? How old are you? (degree, high school)

[TexasLawyer2000]

Originally Posted by TexasLawyer2000

The median outstanding student loan debt is around $25k.

Originally Posted by Rocko20

Wrong.

https://en.as.com/latest_news/what-i...us-graduate-n/

One of the things one would learn in college (or even elementary school) is the difference between average and median.

"Among borrowers with outstanding student debt, the median debt amount in 2021 was between $20,000 and $24,999."

- https://www.bestcolleges.com/research/average-student-loan-debt/

[Rocko20]

Originally Posted by Athair

So there’s agreement that student loans lead to bad financial circumstances for a large population… so what restrictions are they implementing, alongside the debt cancellation, to reduce the negative impact these loans have? After all, ‘forgiveness’ implies wrongdoing… so shouldn’t the focus also be on reducing the occurrence of wrongdoing in the first place?

Borrowing irresponsibly, with no skills or education to pay off your debt, and getting bailed out by taxpayers, usually leads to more of the same thing.

But this is about re-election, not ending student loan debt.

[Rocko20]

Originally Posted by TexasLawyer2000

One of the things one would learn in college (or even elementary school) is the difference between average and median.

"Among borrowers with outstanding student debt, the median debt amount in 2021 was between $20,000 and $24,999."

- https://www.bestcolleges.com/research/average-student-loan-debt/

One thing people would learn in college, is when to use the word "average" and when to use the word "median."

I'll let you guess why that is.

$1.75 trillion in total student loan debt (including federal and private loans)

$28,950 owed per borrower on average

https://www.forbes.com/advisor/stude...an-statistics/

[IDoPhysicsPhD]

Originally Posted by Rocko20

One thing people would learn in college, is when to use the word "average" and when to use the word "median."

I'll let you guess why that is.

100%. In this case, median is appropriate as the goal is to represent the impact of student loans on most of the students who have them.



Statistically, the usage of average would be good if you wanted to calculate risk if somehow loan amount was tied to blind probability. But that's not how loans work.

[TexasLawyer2000]

Originally Posted by Rocko20

One thing people would learn in college, is when to use the word "average" and when to use the word "median."

I'll let you guess why that is.

Yes, of course. Strange that you're questioning your own posts now.

[Rocko20]

Originally Posted by IDoPhysicsPhD

100%. In this case, median is appropriate as the goal is to represent the impact of student loans on most of the students who have them.

Appropriate is subjective. The narrative is very clear.

[IDoPhysicsPhD]

Originally Posted by Rocko20

Strange a "navy seal harvard professor ford F150 owner" would claim $10K is going to solve the student loan crisis.

I'm not sure what this post is about, but it seems like you're getting personal... rather than posting a valid point.

[Rocko20]

Originally Posted by TexasLawyer2000

Hah. You must have a lot of time on your hands to try to cast me.

IDoPhysicsPhD, opps I mean TexasLawyer200. We can't keep track of all your troll accounts.

You can't defend student loan debt forgiveness when it doesn't solve the root cause of student loan debt.

They should've taught that in the Navy. As a former Airman, this was common sense.

[TexasLawyer2000]

Originally Posted by Rocko20

You can't defend student loan debt forgiveness when it doesn't solve the root cause of student loan debt.

Well, you and your almighty Biden should come up with a better plan.

[Rocko20]

Originally Posted by TexasLawyer2000

Well, you and your almighty Biden should come up with a better plan.

Says the guy claims "it will benefit me."

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Originally Posted by TexasLawyer2000

It does not help me directly, but the economic impact will likely benefit me.

Yes, the economic impact of bailing out deadbeats will not create more deadbeats at all..