W3Schools

How student-loan debt affects the rest of your life (it’s not pretty)

Student-loan debts are crippling the finances of Americans and seriously stressing them out, according to a new survey.

It’s no secret there are widespread hazards with hefty student loans, but a new report from Student Debt Crisis, a nonprofit organization, and Summer, a start-up geared at helping student-loan borrowers figure out repayment, paints a stark picture on just how crushing the obligations can be as Americans try repaying $1.5 trillion in student debt.

The survey found:

· 80% of participants ­— with average debt loads of $87,500 versus average annual incomes of $60,000 — said their student-debt obligations prevented them from saving for retirement.

>>> Original Source <<<

Comentários