Those with student loan debt are being forced to delay life events, report finds
(CNN) - A new report reveals many Americans with student loans are being forced to pause major life events.
That’s according to the latest Gallup Lumina Foundation Cost of College report.
Researchers said they found 71% of student loan borrowers delayed milestones including buying a house, buying cars, moving out of their parent’s house, or getting married.
One in three U.S. students currently enrolled in college or post-high-school programs said they have considered stopping their coursework in the past six months with 31% blaming the cost.
Other reasons to possibly stop coursework included emotional stress and personal mental health reasons.
Critics of the Biden administration’s student loan forgiveness plans say wiping out the debt doesn’t fix the root cause.
The White House has currently forgiven $153 billion in federal student loan debt.
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