Online Learning Update

July 7, 2019

7 ways $1.6 trillion in student loan debt affects the U.S. economy

Filed under: Online Learning News — Ray Schroeder @ 12:03 am

Christopher Ingraham, Washington Post

A 2017 working paper found that “students with debt are less ‘choosy’ on the job market: They are more inclined to accept part-time work and jobs that are less related to their degree and offer limited career potential.” Earlier research showed that higher education debt “reduces the probability that students choose low-paid ‘public interest’ jobs.” New graduates with loan debt, in other words, appear to have an understandably greater interest in paying off their loans than in making the world a better place.

https://www.washingtonpost.com/business/2019/06/25/heres-what-trillion-student-loan-debt-is-doing-us-economy/

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