The $555,000 Student-Loan Burden

The Wall Street Journal has a story about a Medical Student who now owes over $555,000 in student loan debt.  Michelle Bisutti originally borrowed $250,000 to cover medical school, but her balance quickly ballooned as she deffered loan payments and defaulted during her residency.

While student loan debt of $500K is rare, balances of $100K+ are becoming more and more common.

The Importance of Signaling

Statistics students are aware of the bias that wording has on poll results.  Here is an example of such an effect.

Note that majorities in both wordings support the right of gays to serve; the biggest difference is in the “strongly support” number.

Hat Tip to Marginal Revolution.