Some results from our Generation Z student loan report include:
► 51 percent of Generation Z is concerned that their parents’ student loan debt will impact their ability to pay for college.
► Half of Generation Z expects their student loan balance to be over $25,000 by the time they graduate compared to 36 percent of Millennials and Gen Xers.
► 27 percent of Generation Z predict it will take more than 10 years to repay their debt compared to 13 percent of Millennials and Gen Xers.
On July 18, 2024, a Federal Court issued a stay preventing the Department from operating the Saving on a Valuable Education (SAVE) plan. Applications into the SAVE plan through our Presto tool are currently unavailable. Read more in our blog.
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