Rising tuition costs, increasing student loan interest rates and a higher cost of living in the U.S. has left potential college students questioning the value of a college degree. Many students regret how much student loan debt they took out for their education; in a Bankrate survey about student loan debt, 69% of respondents said that they would have done something differently in regards to their student loans. However, there are strategies to reduce the overall cost of attendance — and when carefully planned, the investment in a college education can be well worth it.
Thirty-six percent of Americans surveyed took out student loans. Of those, 23% of Gen Z respondents and 22% of millennials would have attended a cheaper school in hindsight.
Key student loan statistics
