One chart that debunks the biggest myth about student loans

Libby Nelson, Anecdote, Aug 18, 2014
Commentary by Stephen Downes

OK, first of all, people don't actually believe that the average student loan debt is more than $50K, so the supposed 'myth' being busted here is a straw man. Second, by focusing on the average balance the article focuses only on the amount still owing, not the amount that has already been paid back. Finally, it includes both large and small loans in the same calculation, thus lumping together people who need a lot of support and people who don't - it's like taking rich people and poor people and averaging their incomes together, and then using the result to say poor people are not really poor. It's a terrible biased presentation created by a conservative lobby group to understate the need for public education support and people in educational technology (you know who you are) should not be sharing this piece of tripe. Not, at least, without disclaimers.

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