JFI’s higher education research was cited in a May 5 column by David Brooks, We Should Cancel Student Debt, But Only for Some.
“These precarious students and grads did what we wanted them to do — leap for social mobility. But many now owe more than they have in wealth. Laura Beamer and Eduard Nilaj of the Jain Family Institute found that, in 2019, student debt-to-income ratios were at 98 percent for the lowest income decile of America. This means that the median income for this group exceeded the median student debt burden by less than $700.”
From the series:
Millennial Student Debt