Survey: College Grads Would Spend Week in Jail to Erase Student Loan Debt
The e-mail on your screen.
College graduates would rather spend a week in jail rather than having student loan debt.
All according to a recent study... we spoke with a finacial expert and recent grad about it.
After crossing that college graduation stage, would you sit behind bars for a week, to say bye-bye to student loan debt?
Ryan: "i'd definitely spend a week in jail man, i consolidated loans and it seems like they just won't go down."and like florida gulf coast university graduate ryan torr, plenty would as well, according to a onepoll survey on behalf of splash financial.
Through 1-thousand undergraduates and 1-thousand post-graduate degree holders surveyed, 89-percent see their debt as a financial burden.
Ryan: "...to spend a week in jail, i wouldn't want to do it finically because it would also hurt me, if you're talking about an x-amount of dollars, but i'd take the week in jail."
1 in 4 americans have student loan debt, according to a 2018 report by the federal reserve bank of new york, that's an estimate of 44.7 million people.john: "it can range depending on the profession; it can range all over.
It can be as high as $250,000.
Student loans can be financially confining and often make the student feel trapped.
Managing student debt while balancing living budgets, and retirement contributions can be quite overwhelming, especially for a young family."
And based on the most current figures on the federal reserve, americans now owe more than 1.50- trillion-dollars in student loan debt.
Ryan: "it's one of those things... it would be nice to get that wiped according to splash financial... these survey findings support the fact that the burden of student loans negatively impacts a person's financial well-being.
Other mentions of what people would do to escape student loan debt include: shaving ones' head, walk to work for a month, never having caffeine