https://www.foxnews.com/politics/squad-rep-pressley-student-debt-violence
Using Rep. Pressley's numbers, 1.7T / 43 million is $39,500 per person in debt. Typically, gov't held student loans are on 10-year terms, but borrowers can sometimes request those to be stretched out to 20-25 years.
Taken at 10 years, the average monthly payment is just under $400 per month. Get a job paying $50k annually and take-home pay each month is about $3500.
I dunno. Seems like a pretty manageable payment to me. Especially as inflation *marginally* drives wages higher (just not 10% annually like costs of goods these days) while that loan payment stays the same.
Using Rep. Pressley's numbers, 1.7T / 43 million is $39,500 per person in debt. Typically, gov't held student loans are on 10-year terms, but borrowers can sometimes request those to be stretched out to 20-25 years.
Taken at 10 years, the average monthly payment is just under $400 per month. Get a job paying $50k annually and take-home pay each month is about $3500.
I dunno. Seems like a pretty manageable payment to me. Especially as inflation *marginally* drives wages higher (just not 10% annually like costs of goods these days) while that loan payment stays the same.
