College Debt Raises Concerns When It Comes to Dating
ROLLING MEADOWS, IL – August 2, 2016 – IonTuition.com, the leading education-fintech company specializing in helping borrowers monitor and manage their student loans, today announced the results of a new survey concluding how student loan debt can significantly impact dating.
According to analysts, the average U.S. college student graduates with more than $37,000 in student loan debt. That level of debt has an impact on all aspects of life, from job-hunting to social interactions, particularly for recent college graduates. IonTuition conducted a survey of 1,000 American adults to explore how student loan debt is perceived in the dating world and what role it plays in relationships.
While it was unsurprising to learn that 75 percent of respondents view student loan debt as baggage, baggage comes in all shapes and sizes. For a significant percentage of respondents (12%), high levels of student loan debt are considered a bigger relationship consideration than being divorced, having a child from a previous relationship, or even having a record as a non-violent felon.
Although the majority of college graduates have student loan debt, nearly half of those surveyed considered the amount of student loan debt someone has an important factor when starting a relationship.
The survey also shows that:
- More than 70 percent felt compelled to help pay off their significant others student loan debt.
- Over a quarter said it is irresponsible to go into student loan debt for a profession with a low-paying salary.
- Well over a third would date a wealthy benefactor if he or she would pay off their student loan debt.
IonTuition is working to make student loans less of a concern by offering those with student loan debt the opportunity to set up student loan payments via payroll deduction, establish optimal repayment strategies, and monitor their student loans. The iontuition.com portal delivers interactive, user-friendly tools that guide current and former college students through the education finance process, customized to fit the evolving goals and life circumstances of each and every user. Users with more complex situations can even call a toll-free number, email, or chat online with trained student loan counselors for no additional fee.
IonTuition provides employers and colleges with a web-based student loan management tool their employees and students can use to better understand, manage and optimize repayment of their student loans. IonTuition displays loans – both federal and private – in a single, user-friendly dashboard. Employees from participating companies can also pay down their loan debt using iontuition.com which processes employer contributions to accelerate repayment. In addition to an ROI-based college selection tool and member discount program, users are connected to expert student loan counselors, financial literacy content and a monitoring service that keeps them aware of critical changes to their loans via email, text, and mobile app alerts. Learn more at IonTuition.com.
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