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atomwrangler t1_japqlcn wrote

Alternatively: the poorest people carry the least student debt.

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DCorboy t1_japsmsg wrote

Alternatively alternatively: most of the debt relief will go to the more affluent people.

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10xwannabe t1_jatg7k4 wrote

I was thinking the same, but then got to thinking. This group is likely to have the highest ratio of debt to income so that would be bad. But then again they are also likely to be the group most likely to default and be in bankruptcy for one of MANY reason so maybe it doesn't even matter that they are carrying student debt? There are so many different ways to look at this data and extrapolate the meaning.

My guess, is this is likely: 1. The group who took on HUGE predatory private loans and 2. dropped out and didn't finish college so was a total waste even taking on that debt in the first place.

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