Judge rules that student loan debt is dischargeable in bankruptcy

Re:Judge rules that student loan debt is dischargeable in ba... by rayiner on Monday January 13, 2020 @06:41AM (#22033572)

Average student debt in the U.S. is about $30,000 (27,900 euros). That's 40% higher than in the Netherlands. But average starting salary of a college graduate in the U.S. ($4,000 per month gross) is also 40% higher than in the Netherlands ($2,900).

But costs in our system are out of control. University of Maryland has only 25% more students than University of Amsterdam (30,000 versus 40,000). But it has twice as many staff (about 5,000 versus 10,000) and triple the budget ($670 million versus $2 billion).

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Re:Judge rules that student loan debt is dischargeable in ba... by himlion on Monday January 13, 2020 @07:22AM (#22033794)

I'm not sure if this is different between the USA and the Netherlands, but for the later almost all of that debt was used for living expenses instead of tuituon. Typically tuition would be 2k a year, so 8k for a 4 year degree obtained on schedule.

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