I wouldn’t have even gone to college if I didn’t have access to a privately subsidized university. That said, $40k of debt for four years of education doesn’t actually seem so bad, considering living expenses. Being able to live on $10k a year (or less) is impressive.
If that’s the average, knowing nothing else at all, we can assume they started with 80k debt. Half are just at the start, and half are almost done paying off.
I wouldn’t have even gone to college if I didn’t have access to a privately subsidized university. That said, $40k of debt for four years of education doesn’t actually seem so bad, considering living expenses. Being able to live on $10k a year (or less) is impressive.
If that’s the average, knowing nothing else at all, we can assume they started with 80k debt. Half are just at the start, and half are almost done paying off.
You’re describing the median, not the average.