College students are overestimating how much they can make after graduation

In my experience, private schools are responsible because they say "you will make X per year when you'll graduate" and they can charge insane tuition fees because of it. Once the student is in debt and has now graduated, he realises that he makes less than what the school advertised while being in debt. All these young people freshly graduated already took a mental toll before even beginning their career.

In other news ...

"borrower are optimist, lenders are pessimists"

If many of these students are left depressed due to unmet expectations it drags the whole economy down - as they cut back on spending.

I feel like inflation would be a good thing, to reduce their debt burden while meeting their physiological expectation.

It would also help everybody if the dollar was weakened ( expect the very rich 20% of americans ).

I’d be more interested in seeing this adjusted for school quality and class rank/gpa don’t think you can compare without that