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@VeroniqueB99 student debt is zero in the EU? How is that calculated?
@timmy Education is free. So 0. Public education 0-12 to uni is free, even private tuition s ridiculous compared to the US. It's maybe 10% of the US tuition.
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@VeroniqueB99
So : shame, shame, shame, shame for Us -
@VeroniqueB99
So : shame, shame, shame, shame for Us -
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@VeroniqueB99 well, it is a nightmare from their pov! No student debt? Shocking!
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@VeroniqueB99
For Germany, the "student debt" is not 100% correct. If you are eligible and get support from state, half of the sum is a credit that has to be paid back - but actually at most €10010 minus deduction (up to 21%) if you do it in one payment.OK, almost "nothing" compared to typical US student debt.🙈
@Justbeep @VeroniqueB99 yes also Netherlands has student debt. This looks wrong.
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@timmy @VeroniqueB99 we don't have student loans. public universities are extremely cheap
1 yr tenure (aprox)
politecnico di Milano 3.9k
Delft University 2.3k
University of Amsterdam 2.5k
Technical University of Munich 1.2k
Politécnica de Madrid 1.5k
Paris universities 0,27k
University of Copenhagen 0,15k@quinta @timmy @VeroniqueB99 It's misleading though. There definitely is some student debt. At least in France, there are interest-free state loans backed by the state: https://www.service-public.gouv.fr/particuliers/vosdroits/F986?lang=en
And various banks offer student loans. They're a lot smaller than in the US because tuition is cheap (for public schools and unis). However, you still need to pay rent through student jobs, grants, family or loans.
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@VeroniqueB99 Excellent. Sources ?
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@quinta @timmy @VeroniqueB99 It's misleading though. There definitely is some student debt. At least in France, there are interest-free state loans backed by the state: https://www.service-public.gouv.fr/particuliers/vosdroits/F986?lang=en
And various banks offer student loans. They're a lot smaller than in the US because tuition is cheap (for public schools and unis). However, you still need to pay rent through student jobs, grants, family or loans.
@nsh @quinta @timmy @VeroniqueB99
+1
+ EU doesn't exist, hudge differences btw countries.
But U.S. is their model, so governments are aiming to be like U.S. 🤷
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@quinta @timmy @VeroniqueB99 It's misleading though. There definitely is some student debt. At least in France, there are interest-free state loans backed by the state: https://www.service-public.gouv.fr/particuliers/vosdroits/F986?lang=en
And various banks offer student loans. They're a lot smaller than in the US because tuition is cheap (for public schools and unis). However, you still need to pay rent through student jobs, grants, family or loans.
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@quinta @timmy @VeroniqueB99 It's misleading though. There definitely is some student debt. At least in France, there are interest-free state loans backed by the state: https://www.service-public.gouv.fr/particuliers/vosdroits/F986?lang=en
And various banks offer student loans. They're a lot smaller than in the US because tuition is cheap (for public schools and unis). However, you still need to pay rent through student jobs, grants, family or loans.
@nsh @timmy @VeroniqueB99 obviously there are some students who take some loan, maybe to pay for their rent and food while staying out of home., in every european country there are some banks that provide such loans. in some cases loans are taken for some private university
but is a negligible figure wrt US.
those are the exception that prove the rule -
@VeroniqueB99 well, it is a nightmare from their pov! No student debt? Shocking!
@Dartagnan_C 🤣🤣🤣🤣🤣🤣👍
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@Justbeep @VeroniqueB99 yes also Netherlands has student debt. This looks wrong.
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@VeroniqueB99
@wmd
Details! 😇 -
@VeroniqueB99
@wmd
Details! 😇@Justbeep @VeroniqueB99 there's typically state loans you get for being able to afford to study. not sure what kind of details you need?
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@nsh @timmy @VeroniqueB99 obviously there are some students who take some loan, maybe to pay for their rent and food while staying out of home., in every european country there are some banks that provide such loans. in some cases loans are taken for some private university
but is a negligible figure wrt US.
those are the exception that prove the rule@quinta @timmy @VeroniqueB99 Negligible is not zero. Previous poster asked how it could be zero. It's not. It's smaller than US, but definitely not zero (e.g. billions of euros for France only, 1 in 10 student has a loan) and increasing every year.
I don't see the point of boasting that it is zero to claim some kind of moral superiority over the US. Especially since many countries are moving towards higher tuitions and more student debts.
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@VeroniqueB99 @tdp_org Excuse my maths, but isn’t “below 50% of income median” always 50%?
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@VeroniqueB99 @tdp_org Excuse my maths, but isn’t “below 50% of income median” always 50%?
median income (say it's X) the poverty rate is considered to be half of that...makes sense?
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@quinta @timmy @VeroniqueB99 Negligible is not zero. Previous poster asked how it could be zero. It's not. It's smaller than US, but definitely not zero (e.g. billions of euros for France only, 1 in 10 student has a loan) and increasing every year.
I don't see the point of boasting that it is zero to claim some kind of moral superiority over the US. Especially since many countries are moving towards higher tuitions and more student debts.
"negligible is not zero".
you must be a programmer...ok, here are the estimated numbers you can easily find doing some search:
EU: 45-60Bn eur
US: 1.5Tn eurso EU students have a debt that is less than 4% of their US peers
it's not a 4% difference, it's a 25x difference
and guess what? they also eat, sleep and buy books...