Microsoft is no longer the innovators they once were back in 80s. They have been playing catch up since about 1994.
They were some what coming back from 2000 to 2010, but since about 2012 it's been downhill again. Think about the Microsoft phone and tablet has been a disaster. Windows 8 launch a disaster.
The last good product from Microsoft is Windows 7, but that even took a long time to come out.
If you were to give each of these students in debt 2 million bucks, the vast majority of them would be flat broke and in debt again in less than 5 years. It isn’t their student debt that is holding them back.
OR, these bums can work for a while, save some money, go to school, and NOT have so much debt.
Wow, I’m not the sharpest tool in the shed, but I figured that one out!
Now that Caliph Baraq has produced this gravy deal where you make trivial payments for 10 yrs and then the debt is erased (assuming you work for govt) watch the numbers soar.
Yes - for most people, but a little known fact is that children of members of congress are not required to repay their loans. How's that for exempting yourself!
This study had many methodological flaws that the commenters on the NY Times discussion picked up. Brookings replied to some of these critiques in a follow-up.
Here is the original NY Times article:
Here is the followup:
http://www.nytimes.com/2014/06/26/upshot/q-and-a-about-student-debt.html?rref=upshot
I would particularly call your attention to this question, and Brookings’ answer:
Q: Because you looked at households, your analysis excluded some college graduates still living with their parents, correct? Walk us through your thinking here.