College Loans Drive Careers

Since the state of our national economy has been of great importance lately, I felt it was appropriate to post an interesting article in regards to how college loans are affecting the way students are choosing their career paths.

High student loan balances are a factor in post-college decisions. Recent grads report that:

• 40% took a job offer that offered higher pay, but less career satisfaction, in order to help pay off their student loans;
• 47% say that their student loans impacted their decision to pursue a particular career
• 88% said they had to make sacrifices in their budget because of their student loan payments; 23% sacrificed continuing education or graduate school

I find it unfortunate that students are being forced into choices about their careers based on financial reasons alone and not what their passion is. I would recommend anyone in this situation to read Kiplinger's guide on How To Pay Off Student Loans as not to force you to make certain career choices.

Recent College Grads Say Loans Driving Careers [via Austin Business Journal]