Despite their student debt, only 10% said in retrospect they would skip higher education.
Student loan debt has forced many younger Americans to hold off on other major financial decisions, a new study finds. But despite the challenges, the vast majority said the debt would not have stopped them from pursuing higher education in hindsight.
Among those who put off major financial decisions, 27% overall said they delayed saving for emergencies, 26% said they put off saving for retirement, 24% delayed paying off other debt and 23% put off buying a house. Despite the burdens, 59% of those who graduated with student loan debt said that higher education has improved their career opportunities or earning potential. McBride said this signals while saving might be delayed, for many it will result in greater ability to save over the long run.
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