One third of 'millennials' regret going to college

Rick Moran
What they "regret" is financing their four year hiatus from reality with student loans. Forbes: Here's an indication of how burdensome student loans have become: About one-third of millennials say they would have been better off working, instead of going to college and paying tuition. That's a according to a new Wells Fargo WFC +0.57% study which surveyed 1,414 millennials between the ages of 22 and 32. More than half of them financed their education through student loans, and many say the if they had $10,000 the "first thing" they'd do is pay down their student loan or credit card debt. That's no surprise when you consider student borrowing topped the $100 billion threshold for the first time in 2010, and total outstanding loans exceeded $1 trillion for the first time in 2011.  Student loan debt now exceeds credit card debt in the U.S. which stands at about $798 billion. Delinquencies are also on the rise. The number of borrowers who are at least 90 days late on...(Read Full Post)

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