00:00 🎓 The average student loan debt per borrower is around $39,000, but this doesn't represent what recent graduates owe; it's what remains after payments and interest accrual.
00:58 🏫 The discrepancy in average student loan debt ($39,000) versus typical debt for four-year college graduates ($28,000) is largely influenced by graduate school loans.
01:58 📉 40% of student loan holders do not obtain a degree, often due to financial strain and academic challenges, particularly impacting Black, Hispanic, and first-generation students.
02:28 💸 College costs extend beyond tuition, affecting students' near-term income and family support, contributing to dropout rates and loan delinquency.
03:24 🚫 Debt forgiveness disproportionately benefits those who didn't graduate, highlighting systemic issues in higher education and the need for ongoing support beyond loan relief.
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- https://www.youtube.com/watch?v=wzY-b2Vj9Ug
