Debt that arrives before the income does. Created by student lending: repayment begins whether or not the signal worked.
This is a need. Something a person cannot ignore. Non-negotiable, usually urgent, and the most reliable foundation for a business. It is felt by the individual, continuously, and rates 4 out of 5 for the pressure it exerts.
It is rooted in Scarce resources and Uncertainty.
This friction did not arise on its own. It was created by Student loans — a solution to an earlier problem that produced this one.
The market has answered it in 2 ways: Income-driven repayment and forgiveness programmes and Student loan refinancing
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
The line back to a human being
5 hops from a person at a phase of life. The further a thing sits from the person, the more abstract it looks — and the more it tends to be mistaken for something that came from nowhere.
- FrictionDebt that arrives before the income does
- SolutionStudent loans
- FrictionThe credential costs more than the student has
- SolutionUniversity
- FrictionAcquire a credential that employers will accept
- Life phaseEarly adulthood
- Rooted inScarce resources
- Rooted inStatus
- Rooted inUncertainty
Relieved by
Every one of these is a business, an institution or a habit built on this single pressure.