Students who have graduated from college are slow to pay back on their debt, according to a Rutgers report.
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
One in four students who graduated between 2006 and 2011 have not yet paid back any of their college debt, according to a national survey of nearly 450 college graduates by The John J. Hedrich Center for Workforce Development at Rutgers University. The report, released in May 2012, shows that students who went on to graduate school were even less likely to have paid off any of their loans — 62 percent, in fact, have not. To top it all off, a whopping 46 percent of all of students surveyed said they have other debt as well, such as credit card debt.