It seems that the HuffPo thinks that 60 percent of grads’ checks are getting eaten up by debt. But debt is a stock and income is a flow, so comparing them is not particularly useful. What really matters is the debt service relative to income. What percentage of their income are graduates spending on student-loan payments?

HuffPo doesn’t tell us, but it’s far, far lower than 60 percent.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.