credit counseling

Education
1:39 pm
Sat May 31, 2014

Poll: Student loans were a good investment....but....

The Federal Reserve estimates the total student loan debt at just over a trillion dollars, with the average student borrowing about 30 thousand dollars.
Credit Steve Carmody / Michigan Radio

Thousands of new Michigan college graduates entered the workforce in the past month.

Many can relate to the findings of a new poll on student loans.

A new poll by a credit counseling group shows people with student loans believe by a two to one margin that borrowing money to pay for college was a good investment. But most people in that same poll would not recommend taking out a student loan now.

Older people were more pessimistic than younger college grads.

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