This in fact could likely be proved through detailed economic analysis.
Also, the student loan figures could be shown starting in 2000, where it looks like they rose exponentially from a stable base. Thanks for your analysis Llewelyn!
A lot of the student loan data starts in 2008. I have not seen any data showing an exponential rise in student loan debt starting in 2000. Here's a chart from the CBO showing a longer term trend in student loan totals. It was pretty consistent rise up until 2008.
A couple of things after I read the article closely. The default rate plummeted after the Feds basically redefined what a default is. They just moved defaults into another category it appears. Also, the huge increase in 2016-2017 loans needs to be investigated. What happened there?
My basic thesis is that the huge increase in loans did in fact drive tuition costs higher
Do you have a source on the Feds redefining default? Every paper on the subject I've seen talks about IDR and other payment or forgiveness options to help avoid default, no mention of a change in definition.
Article is very clear and appreciate the information.
This in fact could likely be proved through detailed economic analysis.
Also, the student loan figures could be shown starting in 2000, where it looks like they rose exponentially from a stable base. Thanks for your analysis Llewelyn!
A lot of the student loan data starts in 2008. I have not seen any data showing an exponential rise in student loan debt starting in 2000. Here's a chart from the CBO showing a longer term trend in student loan totals. It was pretty consistent rise up until 2008.
https://www.cbo.gov/sites/default/files/images/full-reports/2020/56706-outstanding-loans.png
A couple of things after I read the article closely. The default rate plummeted after the Feds basically redefined what a default is. They just moved defaults into another category it appears. Also, the huge increase in 2016-2017 loans needs to be investigated. What happened there?
My basic thesis is that the huge increase in loans did in fact drive tuition costs higher
Do you have a source on the Feds redefining default? Every paper on the subject I've seen talks about IDR and other payment or forgiveness options to help avoid default, no mention of a change in definition.
Thank you much for this analysis.