Educational Lending - US - October 2016
"As the student loan situation worsens, more people are questioning whether their college education was worth the money they borrowed to get it. This is beginning to goad aspiring students into exploring other ways to get their degree, such as going part-time or attending a less expensive two-year school before transferring to a four-year school. An increase in people making these decisions may slow down the rate increase in borrowing even more."
Robyn Kaiserman, Senior Financial Services Analyst
This report looks at the following areas:
Almost half of Millennials have student loan debt
Few understand their obligations
Repayment is challenging borrowers' futures