Student debt is the fastest growing form of consumer debt in the U.S. Recent graduates who enter the workforce face the financial challenge of making monthly student loan payments on top of rent, transportation, and other living costs, especially when career opportunities are often found in locations with a high cost of living. Exactly how much does this debt impact the lives of working professionals in America? A recent Oliver Wyman survey commissioned by Gradifi gives us a clearer picture of the far-reaching effects student loans have on Americans’ financial wellness.
To view the complete report, you can download it here.