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Why Median & Average Student Loan Statistics Are Ridiculous

Why Median & Average Student Loan Statistics Are Ridiculous

Episode 143 Published 4 years, 10 months ago
Description

If you've ever been told the average student loan debt for your program or degree, this episode is for you. Join me for a Q&A followed by a discussion on why focusing on median and average student loan debt statistics is a waste of time, and why those statistics cause all kinds of problems when it comes to higher education policy.

In today's episode, you'll find out:

  • Listener questions about recent student loan volatility
  • How part-time hours can qualify you for PSLF
  • How to use strategic refinancing to repay your student loans
  • How to get your student loan questions answered by Travis
  • Why you probably shouldn't expect student debt cancellation during the Biden administration
  • Possible changes to the PSLF program in the next few years
  • Why the average and median student loan statistic is extremely flawed
  • How to calculate the true cost of attendance for your program of choice
  • Why schools never disclose tuition inflation, loan fees, or interest fees
  • Why statistics aren't reliable
  • Why you shouldn't focus on student loan debt and what to focus on instead

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