Consumer Reports conducted a survey of 1,500 consumers with student loan debt. Overall, 45 percent of respondents who are no longer in college and paying student loans say it wasn’t worth it, according to a news release.
Of those respondents:
- 38 percent didn’t graduate from their college;
- 69 percent reported trouble paying their loans;
- 78 percent have income of less than $50,000 per year; and
- 43 percent didn’t have their parents’ input on financial aid decisions.