Survey: Student loan debt is delaying major life milestones
March 5, 2019

From Bankrate:

The current $1.5 trillion in student loan debt is holding Americans back.

A new Bankrate survey finds that most Americans who have had student debt have delayed important financial decisions and milestones because of it — and some even regret taking out student loans in the first place.

"There's no question about the general value of education. A college degree typically translates to greater chances of being employed," says Mark Hamrick, senior economic analyst and Washington bureau chief at Bankrate. "Student loan debt is, in a sense, the other side of the coin which can create a tremendous burden on students and, in some cases, their families."

The study was conducted Feb. 6-11 among a total sample size of 3,885 U.S. adults.

In total, 31 percent of Americans say they currently have or have had student loan debt stemming from their own education. An additional 13 percent of American adults financed another family member's school expenses through student loans...

Continue reading at Bankrate...

You may also like

More than 20% of Americans aren't saving money

"More than 1 in 5 working Americans aren't saving any money for retirement, emergencies, or other financial goals."

Colleges may have to take a financial stake when students don't repay loans

"The White House is weighing a measure that would require colleges and universities to take a financial stake in their students' ability to repay government loans."

The number of millionaires in the U.S. hits an all-time high

"The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal."