About one out of every eight Americans has student loan debt. But not all of those people have a college diploma.
This often-overlooked segment of student loan borrowers is larger than you may realize, and these borrowers struggle with pervasive debt http://badcreditloanshelp.net/payday-loans-ar later in life. Let’s take a close look at the rates and outcomes of those who take out student loans but never earn their college degrees.
Student Loan Borrowers Who Don’t Graduate College
About 40 percent of undergraduates drop out of college. Hence, the student loan statistics of a college freshman class can paint a different picture than the debt statistics of graduating seniors.
Using the most recent data from the U.S. Department of Education, we’re able to get a clear picture of the student debt problem of college students who don’t graduate. (more…)