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Your Take: Survey Shows Delay in Life Milestones for Recent Graduates
Posted By Jim On 06/08/2012 @ 7:15 am In Your Take | 7 Comments
A few months ago, the subject of a Your Take centered around which generation had the most debt  (prompted by an infographic from Experian). In looking at the infographic, and how the younger generations had much higher levels of debt, I thought about the impact of student loan debt. The results of a recent survey by the College Savings Foundation  showed that recent graduates are more likely to delay milestones of independence, such as getting married, having children and buying a house. When you are burdened with a significant amount of debt, it’s hard to get ahead and on with your life.
Highlights from the survey (recent graduate refers to someone who graduated in the last year):
The survey discusses how these numbers compare with older graduates and in all cases the recent graduate numbers are higher, so it shows a trend that’s worsening, but I’m not surprised by it. My alma mater costs an eye popping $60,000 a year now and I graduated a scant ten years ago.
Next week, we’ll have a two part interview with Peter Mazareas, Chairman Emeritus of the College Savings Foundation. He shares a lot of good information about saving for college that I think anyone, from students to parents, will find extremely educational.
What do you think? Is college debt to blame? Or is it more about the economy? Or both?
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 generation had the most debt: http://www.bargaineering.com/articles/generation-debt.html
 recent survey by the College Savings Foundation: http://www.collegesavingsfoundation.org/pdf/GradsSurveyPressReleaseFinal5-23-12Updated.pdf
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