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Class of 2024 college loan rate falls to 47 percent, Nick Gillespie states
Nick Gillespie notes that just 47 percent of the Class of 2024 took out college loans, with the average loan amount at about $30,000.
Gillespie suggests that these figures do not support labeling student debt as a 'crisis,' challenging common narratives about higher education borrowing in the U.S.
Gillespie’s earlier commentary has focused on alternative policy approaches. In a previous column, he called for a tax model that targets consumption rather than income or wealth. He argued that such a structure ensures each dollar is taxed once for fairness.
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