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A comment on Judge rules that student loan debt is dischargeable in bankruptcy. Parent comment

Re:Judge rules that student loan debt is dischargeable in ba... by pkaye on Sunday January 12, 2020 @09:08PM (#22031276)
The statistics show the average US student loan dept is around $35k/borrower. However there are some who go to out of state private colleges which can get expensive. And there are for-profit private colleges that are basically scams and rack up significant debt.

* https://www.experian.com/blogs/ask-experian/state-of-student...

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Re:Judge rules that student loan debt is dischargeable in ba... by teruakohatu on Sunday January 12, 2020 @09:26PM (#22031358)
Is that the average amount borrowed or the average amount still owed? If the latter I am not sure how useful it is. It would be more useful to know how much students need to borrow today (or in 4 years time).

In NZ the median student debt at end of study is just $17,000 NZD but that includes people dropping out after one year, non-university diploma courses and students whose parents paid for most of it or students who worked while studying and paid as they went.

https://www.beehive.govt.nz/release/impact-student-loan-debt

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Re:Judge rules that student loan debt is dischargeable in ba... by pkaye on Sunday January 12, 2020 @11:32PM (#22031850)
I didn't do a lot of research so may have misread... according to this report, the average graduating debt for a 4 year degree is $29k. (see figure 1)

https://ticas.org/wp-content/uploads/2019/09/classof2018.pdf

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