1/7 h/t @AlbertBridgeCap
I do not come from money. The only reason I could even dream of coming from Bangladesh to the US for my MBA was I could get 100% of my tuition financed by student loan without any co-signor (I don't have any relative in the US).
I do not come from money. The only reason I could even dream of coming from Bangladesh to the US for my MBA was I could get 100% of my tuition financed by student loan without any co-signor (I don't have any relative in the US).
2/7 Wholesale cancel of student loans creates the same kind of unintended consequence as canceling standardized tests does.
Most kids from my background go to schools that people in the US have never heard about even though acceptance rate in some of the schools back home is <5%
Most kids from my background go to schools that people in the US have never heard about even though acceptance rate in some of the schools back home is <5%
3/7 When standardized tests are canceled, it's hard to stand out with our no-name schools and lack of well curated extra-curricular filled resume.
I know they aren't talking about canceling student loans of international students, and they shouldn't.
I know they aren't talking about canceling student loans of international students, and they shouldn't.
4/7 I always wonder why people never talk about how many millions of people changed their life trajectory thanks to student loans.
The avg. starting base salary from our MBA class was $130K. It doesn't include signing bonus, and annual bonuses.
The avg. starting base salary from our MBA class was $130K. It doesn't include signing bonus, and annual bonuses.
5/7 I cannot understand why an average American should subsidize anyone who is perfectly capable of repaying the loan.
I am against the wholesale cancel of student loan (even if it's up to a certain amount).
I am against the wholesale cancel of student loan (even if it's up to a certain amount).
6/7 I know student loan can be terrible for some people.
~30% people drop out of college after freshman year. Many of them take loans. It's a double whammy for them. They earn less than college kids, yet have the burden of debt.
40% college grads are underemployed.
~30% people drop out of college after freshman year. Many of them take loans. It's a double whammy for them. They earn less than college kids, yet have the burden of debt.
40% college grads are underemployed.
7/7 These are real problems, and if you want to look for solutions, ask the difficult questions. Avoid the road that seems pretty convenient right now.
Canceling the loan wholesale doesn't address the reason that led to this issue.
Canceling the loan wholesale doesn't address the reason that led to this issue.
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