Job prospects make college loans worthwhile, study says

Matt Zalaznick's picture

While more California college students are taking on larger education loans, that investment is paying off with better-paying jobs after graduation compared to young people without a bachelor’s degree, a new study finds.

The “economic returns of attaining a bachelor’s degree are, on average, quite large regardless of major," said the report by the Public Policy Institute of California. "Average loan debts are relatively low in comparison with the average economic returns to earning a college degree; consequently, paying back student loans should not pose a huge financial problem for the typical college graduate.”

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