John Refior on Nostr: npub1uulgp…udkn7 You know this is false, right? The data shows the majority of ...
npub1uulgprgn83cr53jjaxfpger9eslppz5tqq8fw9nx47c3mma4cflskudkn7 (npub1uul…dkn7)
You know this is false, right? The data shows the majority of student debt is held by the middle to upper classes. If you look at the bottom quintile (lowest 20%) by income, 80% of those people have zero educational debt.
That's because most poor people can't afford to go to college *even with loans*
While most high income families take unsubsidized Stafford loans.
If you want to target aid to the poor, give poor people cash, don't look to student debt
https://www.federalreserve.gov/econres/scfindex.htm
You know this is false, right? The data shows the majority of student debt is held by the middle to upper classes. If you look at the bottom quintile (lowest 20%) by income, 80% of those people have zero educational debt.
That's because most poor people can't afford to go to college *even with loans*
While most high income families take unsubsidized Stafford loans.
If you want to target aid to the poor, give poor people cash, don't look to student debt
https://www.federalreserve.gov/econres/scfindex.htm