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Austen Allred
Competition: Find the craziest graph that shows how bad the student debt crisis really is
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Austen Allred Apr 4
Replying to @Austen
This is a good one
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Austen Allred Apr 4
Replying to @Austen
Debt vs. earnings does not look good
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Darshan Gada Apr 4
Replying to @AustenAllred
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Austen Allred Apr 4
Replying to @Austen
Eventually this graph should be about level. But it's not.
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Austen Allred Apr 4
Replying to @Austen
More unpaid student loans than credit cards
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Austen Allred Apr 4
Replying to @Austen
Note how debt and tuition go up in parallel. Not stopping yet.
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Austen Allred Apr 4
Replying to @Austen
A mere 141% increase in the past decade
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Austen Allred Apr 4
Replying to @Austen
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Austen Allred Apr 4
Replying to @Austen
I wonder how defaults are doing
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Austen Allred Apr 4
Replying to @Austen
If this were a revenue graph you could raise a VC round based on it. But it's student loan debt.
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Austen Allred Apr 4
Replying to @Austen
Here's a winner. Student loans as a percentage of federal assets. Hint: it's nearing FIFTY PERCENT
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Austen Allred Apr 4
Replying to @Austen
Private, for-profit colleges see nearly 50% default
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Austen Allred Apr 4
Replying to @Austen
African Americans that went to college in 2003-2004 are experiencing a SEVENTY PERCENT default rate
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Austen Allred Apr 4
Replying to @Austen
Not surprisingly, more than half of the cumulative debt is held by the poorest 1/4 of the country
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Austen Allred Apr 4
Replying to @Austen
Don't forget: this is one of the only debts that has ever existed that you cannot bankrupt your way out of
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Asst to the Great Khan Apr 4
Replying to @AustenAllred
I mean...it does make sense that the people with money didn't have to go into, nor stay in, debt. Debt is for people who don't have money.
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Austen Allred Apr 4
Replying to @atthatmatt
Hence the "not surprisingly"
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Austen Allred Apr 4
Replying to @Austen
Question: Will the federal government just forgive all of the student loan debt? Answer: what do you think?
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Austen Allred Apr 4
Replying to @Austen
1328% increase in tuition and fees since 1978
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