Research + News | Topic: Debt

High Cost Of Education Limits Career Choices For Millennials

We’ve all seen the staggering student loan debt statistics: It averages more than $20,000 and 69% of Millennials have student loan debt, according to the Federal Reserve of New York. What the numbers don’t tell us is what is going on in Millennials’ minds before they take on this debt.

Read the rest of the article here.

You Won’t Believe What Some Students Blow School Loan Money On

About half of students blow some of their school loan money on non-educational expenses, including 3% who spent it on alcohol and drugs, according to a new Student Loan Hero survey.

Read the full article here.

If There’s One Thing Millennials Regret, It’s Going To College

More than a third of 18- to 35-year-olds say they wish they had not gone to university, according to a new survey, while almost half say they would have got to where they are now without a degree.

Read the article here.

Four Myths About College You Should Reject

Tim Elmore has spotted four myths people tend to buy into about post-secondary education—and he’d like to help you avoid them.

Read his blog post here.

Millions of Students May Never Repay Their Student Loans

More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.

Read the article here.

The Many Pitfalls of Private Student Loans

From the article: “Many student borrowers often accept the financial aid packages set before them, which may include piles of private loans that cover what federal loans do not. But students often do not realize that private loans can cost more and come with few escape valves if they can’t afford their payments.”

Read the full article from The New York Times here.

The Student-Loan Trend That’s a Cause of Concern

The share of college graduates with more than $40,000 in student loans grew by almost 10 times in just 8 years, a new report shows.

Read the full story here.

The Challenges of College Financing Facing High School Seniors

With the rising cost of a college education, more and more high school seniors are having a hard time figuring out how to pay for school. Forbes takes a look at this growing problem. Read the entire article here.

New Film Asks: Is College Worth the Cost?

Ivory Tower, a new documentary about higher education in America, seeks to inform students and parents about the value and worth of a college degree. From the website:

“As tuition rates spiral beyond reach and student loan debt passes $1 trillion (more than credit card debt), IVORY TOWER asks: Is college worth the cost?  From the halls of Harvard, to public colleges in financial crisis, to Silicon Valley, filmmaker Andrew Rossi assembles an urgent portrait of a great American institution at the breaking point.”

Learn more about the film here.

Read a review from USA Today here.

The Cost of Not Going to College?

pewPew Research on Social and Demographic Trends has released a report on the “rising cost of not going to college.” From the report:

“For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer. On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young college graduates are outperforming their peers with less education.”

The report also featured “6 Key Findings about Going to College“:

1. A college education is worth more today.

2. College benefits go beyond earnings.

3. College grads are more satisfied with their jobs.

4. The cost of not going to college has risen.

5. College grads say college is worth it.

6. College majors matter.

Read the full report here.

Download the complete report (.pdf) here.

Read the full report on the “6 Key Findings” here.