Judge rules that student loan debt is dischargeable in bankruptcy

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

[ Parent | on HN ]

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

[ Parent | on HN ]