Bobcat Love's Sense of Shame
5/28/2019 11:11 AM
I was asked to post this link, to start a discussion on the issue of student loans:
https://finance.yahoo.com/news/student-debt-cities-map-17... Note that E. Liverpool, Ohio, is particularly high in student debt. I believe its pretty close to Kent State and Akron, not far from Pittsburgh, and a bit more distant from both Ohio and OSU.
Feels like there's a fundamental issue with this data that's not being taken into account (or at least isn't references by the story).
Many of the cities with the worst ratios of debt to earnings are large college towns, which have a selection issue at play.
In places like Athens, GA, Bloomington, IN, Oxford, MS, Murray, KY, and Ypsilanti, MI the populations are particularly prone to student loan debt, as the populations are predominantly undergraduate/graduate students, but those students rarely stay post graduation. And because the labor markets in those places don't offer high salaries (ironic given that the largest employer in each is the university itself), the ratios are particularly skewed and salaries don't keep up with debt.