Date: June 25th, 2014 5:49 PM
Author: Chocolate church
7) Borrowers with more debt are often better off than borrowers with less debt
These surgeons almost certainly graduated with more debt than the hospital techs they work with. But they probably didn't struggle as much to pay the bills. Kathryn Scott Osler/Denver Post via Getty Images
The average borrower defaulting on a loan owes just $14,500. On the other hand, the typical medical school graduate owes around $161,772. Which one is in better shape?
Brookings found that, on average, debts are actually more manageable relative to borrowers' incomes than they were in the mid-1990s. But that only measured households who were actually paying back their loans. Those defaulters with relatively little debt aren't included in the study.
http://www.vox.com/2014/6/25/5839324/student-debt-isnt-just-one-thing?utm_medium=social&utm_source=twitter&utm_campaign=ezraklein&utm_content=wednesday
(http://www.autoadmit.com/thread.php?thread_id=2603229&forum_id=2#25817930)