“CNBC Survey: 81% of adults with student loans say they’ve had to delay key life milestones”
January 28, 2022
“According to CNBC + Acorn’s recently released Invest in You Student Loan Survey conducted by Momentive, 81% of people with student loans say they’ve had to delay one or more key life milestones because of their debt. Momentive surveyed 5,162 American adults between Jan 10 and Jan 13 online to better understand the impact of student debt.
The survey found that among student loan borrowers, 42% delay paying off other loans, 40% delay investing money, 38% delay saving for retirement, 35% delay travel, 33% delay buying a home, 16% delay having a baby, 14% delay getting married and 12% delay finding a new job…”
College is a scam. Do not go. As soon as you get out the companies that want to hire you will ask “what is your experience?” You will have none if you went to college full time. You won’t get hired. Also it’s a debt trap. If you save that 100 to 500k and invested instead you would be well off when you retire. That’s a much better return than a potential high paying job but with massive debt to pay off. You can’t default on student loans. It’s a trap. Do not do it. The only people who should be going to college are those who absolutely have to like doctors or engineers or something of that sort.