On other side, please take a look for the student's debts as derivative of income, take a Russia .vs. America.
Disclaimer: I've never live in Russia and I'm never been Russian citizen. Just some business trips. And I can speak in Russian fluently. Finally, I don't like to insult anyone.
1) the average cost of tuition in Russian university is about 5k/year. (1st line at Google search and confirmed my friend from Russia).No transportation and living expenses included. The GDP per capita in Russia is $11,288.9 in 2018 by Worldbank data. Seems as 44% of average annual income.
2) the average cost of tuition in American (US) university is about $26,290k/year(out of state). (1st line at Google search and confirmed by my family case). The GDP per capita in US is $62,641.0 in 2018 by Worldbank data. Seems as 42% of average annual income.
2 Everyone:
I'm faithfully waiting for about an hour. Now is the TIME: Have you heard something about fake news?
Definitely yes. In different content, in different meanings.
I would like to demonstrate how to make the fake news by simple example: please read the quote one more time. What's wrong? I wrote
student's debts as derivative of income. The next lines are about GDP... GDP per capita is not equal personal income... It's one of the myriad ways to pour the fake news.
All the digits quoted are correct. However, the whole picture is little bit different, especially you take the panel (age/gender/race etc.) for the consideration.
Anyway, availability of college/university education is better in US than in former USSR.