According to the survey findings, 40% of respondents lacked a good understanding of the implications of taking on student debt when they elected to seek a loan. (Credit: tattywelshie/iStockphoto.com)
Adults in the United States who hold student debt owe $24,155 on average and many regret being in that position, Northwestern Mutual recently reported.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
