Student loan debt is causing stress on a national level. In a recent study, we sought to discover how young Americans are changing their preferences and lifestyles due to the national student loan debt crisis. Polling 1,000 college graduates between the classes of 2012 and 2017 that currently have student loan debt, we uncovered some interesting trends.
did not fully understand the financial burden of repaying their student loans after graduation
stated they feel stress related to their student loan debt on a daily basis
of those entering the workforce that felt embarrassed by their student loan balance
Source:The Surprising Impact of Student Debt on the Millennial Mindset, a study by Laurel Road in conjunction with LendEDU, June 2018
Partner with us to offer a student loan refinancing benefit that will reduce stress for your employees by lowering their total cost of repayment.See Employer Benefits
Laurel Road offers unique, customizable and easy-to-implement student loan benefits to improve the financial wellness of employees and members.