Almost three out of every four Americans who have taken out student loans claim that their debt has caused them to put off important life events such as getting married, purchasing a home, or starting a family.
The path to a more successful life is often thought to involve attending college. However, the price of a degree has turned into a financial burden that burdens borrowers from the moment they graduate until they may finally retire, assuming that can happen at all.
According to the most recent Gallup Lumina Foundation Cost of College report, nearly three out of four American borrowers claim that their student loan debt has led them to postpone a significant life event, such as getting married, buying a house, or starting a family.
Jes Evans, 35, told CNN, “I’ve had to just put all of my dreams aside and focus on surviving day to day.” 2017 saw her obtain a master’s degree in religious studies, and her goal is to become a college instructor. However, once she graduated, she struggled to find employment in her profession and in other fields where her lack of expertise was a liability.
Now employed at a church north of Pittsburgh as the director of youth programs and communications, Evans feels ensnared in her debt, which she pays $940 a month for.
It simply seems like you’ve been treading water your entire life. I am unable to travel, and I am not financially capable of raising a family. It’s merely a drag.
Evans is not alone.
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