Millennials are delaying home buying due to their student loans.
Generation X doesn’t believe they can retire on time because of their student loans.
Even Baby Boomers are finding their Social Security payments offset to pay their student loans.
Is the next generation, Generation Z, better prepared to handle their student loans?
We surveyed over 1,000 current and future student loan borrowers to see how student loan debt will impact Generation Z compared to other generations.
Some results from our 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.
Want to learn more? Download the full report for free today!