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Austen Allred @AustenAllred
, 21 tweets, 5 min read Read on Twitter
Competition: Find the craziest graph that shows how bad the student debt crisis really is
This is a good one
Debt vs. earnings does not look good
Eventually this graph should be about level. But it's not.
More unpaid student loans than credit cards
Note how debt and tuition go up in parallel. Not stopping yet.
A mere 141% increase in the past decade
thisisfine.gif
I wonder how defaults are doing
If this were a revenue graph you could raise a VC round based on it. But it's student loan debt.
Here's a winner. Student loans as a percentage of federal assets. Hint: it's nearing FIFTY PERCENT
Private, for-profit colleges see nearly 50% default
African Americans that went to college in 2003-2004 are experiencing a SEVENTY PERCENT default rate
Not surprisingly, more than half of the cumulative debt is held by the poorest 1/4 of the country
Don't forget: this is one of the only debts that has ever existed that you cannot bankrupt your way out of
Question: Will the federal government just forgive all of the student loan debt?

Answer: what do you think?
1328% increase in tuition and fees since 1978
Don't forget the impact flows over to the rest of the economy
Are you concerned yet?
Courtesy @DasfNYC
Look at how the debt is shifting from just young people to older folks that should be retiring. Courtesy @upfinacom
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