Debt loads are increasing, but the salaries aren’t adding up. Someone’s gotta pay up and I don't mean us.
new survey conducted by college career platform Handshake
is giving us a detailed look into what the crisis will mean for Gen Z. The company surveyed over 1,000 college students, mostly between 16 to 24 years old. It found that almost 3 in 4 Gen Zers will have student loans to pay off, with about 38% owing less than $25,000. 23.7% will have anywhere from $25,000 to under $50,000 in loans. On the highest end, 3.5% of graduates will owe over six figures.The fact that 73% of Gen Z students will graduate with debt isn’t a big jump compared to past years.
The study also found an interesting gender difference in payment expectations: Almost 40% of men surveyed felt confident that they could pay off their loans in under five years, while just 25.7% of women said the same.
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