fbpx

Latest Posts

Home

Facebook

Twitter

Search
About

“Student loan regret” increasingly troubles young Americans

Young people who choose a career that requires a two-year technical college degree or similar credential can generally avoid the oppressive student loan debt that burdens so many four-year college grads.

Just how troublesome is that debt? The New York Post explains in a piece about a recent study on the topic, headlined “Young Americans suffering from serious case of student loan regret.”

According to the Post, survey results

showed over half (52 percent) of college graduates who took out student loans struggle to pay back their loans after the grace period has lapsed.

And it’s no surprise that nearly half of college graduates who took out loans (47 percent) have had to defer their payment plans at least once since it takes the average recent college graduate six months to find a job….

A quarter of respondents admit that they would have attended a less expensive school if they [had known] what they know now about the debt they’d incur.

And here’s a surprising statistic. The Post reports that

it’s not just recent college graduates that are struggling with student loan debt. In fact, 72 percent of those aged 46 and older who took out student loans continue to stress over making their monthly payments.

According to the survey, which looked at the finances of 2,000 four-year college graduates, 55 percent of those 46 and older have missed at least one monthly student loan payment.

Comments

Subscribe

Categories

Upcoming Events

  • Morning in Minnesota Breakfast Series Featuring Isaac Orr

    Location: The Oaks at Eagle Creek 1000 26th Ave NE Willmar, MN 56201

    Please join Center of the American Experiment on Tuesday, August 27th at The Oaks at Eagle Creek for breakfast with Center policy fellow and energy expert, Isaac Orr. Following his discussion of his new report, Doubling Down on Failure: How a 50 Percent by 2030 Renewable Energy Standard Would Cost Minnesota $80.2 Billion, Isaac will be joined by Rep. Tim Miller, Rep. Dave Baker, and Sen. Andrew Lang for a conversation about renewable energy standards in Minnesota. Tuesday, August 27, 2019 The Oaks at Eagle Creek 1000 26th Ave NE, Willmar, MN 56201 7:30 AM Breakfast & Check-In 8:00 AM Presentation…

  • Fall Briefing Featuring Kimberley Strassel

    Location: Ordway Center for the Performing Arts 345 Washington Street, St. Paul, MN 55102

    Purchase Tickets Here

    Register Now