More Americans are attending college at a time when college is getting more expensive and according to the Financial Services Roundtable, 57% of bachelor’s degree recipients at public institutions borrow the money to pay for college. Are you part of the 57%? You might be interested in reading some of the Fast Facts recently released on student loans by the Financial Services Roundtable.
According to the article, despite the fact that student loans are now the largest form of consumer debt (outside of home mortgages) the college graduate unemployment rate is 3.9%, compared to the national average of 7.8%. This means college graduates have a better chance of paying back and handling this debt.
So if you’re on the fence about pulling out a loan you really need this semester, know that attending college and finishing your degree might be worth it. Read more fast facts.
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