All student debt in the US, visualized
1,262,196
Published 2019-08-06
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Student loan debt has increased exponentially in the past few decades. So now, some Democratic presidential candidates propose canceling those debts — all $1.6 trillion of it. But is this a good idea? Who exactly does it benefit?
For more on student loan debt, read this Vox explainer on Elizabeth Warren's plan: www.vox.com/2019/4/22/18509196/elizabeth-warren-de…
And this explainer on Bernie Sanders's plan: www.vox.com/policy-and-politics/2019/6/23/18714615…
This piece explains why wonks don't like Sanders's plan: www.vox.com/policy-and-politics/2019/6/26/18760296…
And to get a wider perspective on the whole debate, Matt Yglesias breaks it down: www.vox.com/2019/6/24/18677785/democrats-free-coll…
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All Comments (21)
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Go behind-the-scenes on how producer Alvin Chang created the data viz for this video with our Video Lab Extra: https://youtu.be/MlJaswcqQiA
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College in US has become a business, not a service
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Vox - Can you please give a hug to your graphics department?
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Son: Dad why do I need to apply for student loan? Dad: So you can go to college Son: Why do I need to go to college? Dad: So you can get a good job Son: Why do I need to get a good job? Dad: So you can pay off your student loan
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laughs in European
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I'm from Europe, always had free education, no one here understands why you pay millions of $$ to study. It's simply ridiculous.
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You should have shown that most of us actually have negative net worth... Very negative... Even if we have a good salary, it ends up being just enough to pay debt and live
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Or, you can go to the root of the problem. College tuition prices growing exceptionally faster than inflation rates for seemingly no reason. This is the source of young adults being blocked out of colleges, not loans to work around the instance price.
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This country's intellectual talent is still wasted.
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It's funny how money is only ever really an issue when it comes to helping average americans
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Nice, next time do healthcare in the US
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It's interesting to me how information colleges teach is more widely available now than ever, and yet the costs of education are getting worse and worse. I've learned more watching youtube videos than talking to my professors who really would rather go home than explain how integrals work.
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visualizing my student debt is a useless endeavour because my peasant tears make everything blurry
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In Australia the government regulates maximum university prices (as only a couple universities are private but also sets their max prices), gives interest-free loans up to a $100k cap, and gives welfare payments to students depending on their own and parents income
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Okay, but imagine how much the economy would benefit from literally MILLIONS of well educated Americans suddenly having more financial freedom, and thus, being much more able to contribute to the economy
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"Sputnik satelite" Satelite satelite
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That's what you got when companies run a country.
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I love how this video has graphs that make it easier to process the data and understand the nuances of student debt better.
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American students: uhh i have all this debt from university Norway, Sweden, Denmark and Finland: allow us to introduce ourselves
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In scandinavia we get payed for taking an education.
