Discussion about advanced schooling invariably turns toward student education loans, as it seems that the 2 go turn in hand but Millennials wont refinance student education loans.
On the list of 42 million those that have $1.3 trillion in education loan debt, Consumer Reports suggests students against dropping away from university if they don’t have a degree since they will have an even more difficult time repaying their debt.
There’s a chorus that is growing of in benefit of permitting STEM majors receive greater education loan amounts since they’re prone to secure high-paying jobs, and presumably, repay the income they’ve borrowed.
Now, the 2016 education loan Hero Refinancing Survey reveals that millennials won’t refinance their student education loans – also it’s not because they aren’t conscious of this choice. Chosen excerpts through the study are below:
When inquired about understanding of refinancing student education loans:
- 62.11% are aware of education loan funding
- 37.89% are not sure of education loan financing