Student debt delays spending, saving and marriage

 

Source: Blake Ellis, CNNMoney

About three-quarters of student loan borrowers surveyed said they -- or their children -- have been forced to make sacrifices in order to keep up with student loan payments, according to a survey from the American Institute of CPAs.

 

Forty-one percent of the more than 200 people surveyed said they have delayed saving for retirement, 40% have put off buying cars, while 29% have postponed home purchases. And debt only continues to grow -- exceeding $1 trillion nationwide, with about one in five households carrying student loans. Meanwhile, the average debt load jumped 5% to a new high of $26,600 last year.

Read Full Article: Student debt delays spending, saving and marriage

Tags/Keywords

fees, debts, interest rates, refinance, borrowers, students loans, repayment plans

Article Statistics

Article Viewed: 59
Tracker Stats:

 
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Facebook FTwitter T

Consumer Help Desk

Advocacy