86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being

86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being.

Further, 53% of workers said that knowing they would incur additional debt has prevented them from pursuing more education, per CNBC.

Over two-thirds of student loan borrowers feel their education hasn't justified the toll their debt has taken on their overall well-being, according to a new survey.

Among those in the workforce with student loan debt, 80% described it as a "huge burden," according to the survey conducted by The Harris Poll for childcare and education provider Bright Horizons. More than 40% of borrowers said their debt has affected their future plans, while 53% admitted that the prospect of incurring more debt has deterred them from pursuing further education.

The Federal Reserve Bank of New York reports that borrowers held over $1.59 trillion in federal and private student loan debt by the second quarter of this year, accounting for more than 32% of all non-housing-related household debt.

Efforts to ease the burden on federal student loan borrowers have faced legal challenges, including President Joe Biden’s second attempt at student loan forgiveness and the Saving on a Valuable Education (SAVE) repayment plan.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.