That chart illustrates federal student loans, not (federal + private) student loans. The total has been only been increasing linearly, as shown by this chart…
My first exposure to this idea was in Jordan Ellenberg's fantastic book "How Not to Be Wrong: The Power of Mathematical Thinking". Here's a post from him that goes into the same example he uses in the book:…
That chart illustrates federal student loans, not (federal + private) student loans. The total has been only been increasing linearly, as shown by this chart…
My first exposure to this idea was in Jordan Ellenberg's fantastic book "How Not to Be Wrong: The Power of Mathematical Thinking". Here's a post from him that goes into the same example he uses in the book:…