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7.7 billion divided by 160,000 is average ~480,000 of loan money per person. So they bailed out a large chunk of rich kids going to expensive private schools. Cool.
If they were interest free loans, yeah. Since they have interest those loans may amount to only $100,000 which is about what state schools cost at this point
Your math is wrong. $7,700,000,000 / 160,000 = $48,125
I downvoted him because his math was wrong. It's $48k.
Shit, I thought so too, then I did the math again, and got a the 480k answer. But I used 77 billion, because I am a dope.
Or could be med/law school loans
Public med school median total cost is 268k while private is 363k
https://www.bankrate.com/loans/student-loans/medical-school-cost/
Anything else you'd like me to Google?
The average annual income for an individual in the United States is around $76,770 so why are Americans always acting like they're done up so rough? Every American is making over 70k!
A V E R A G E takes a heck of a lot of poor folks to balance the billionaires.