How Student Loan Debt Affected These Borrowers’ Career Choices

Rebecca Safier

A college degree is supposed to open up job opportunities, but many graduates with student loans have found their career mobility has actually become more restricted. In the Class of 2018, the average student loan debt for graduates with loans was $29,800, with an average monthly bill of $393. According to American Student Assistance, 53% of student loan borrowers said their education debt was either a deciding factor or had a considerable impact on their choice of career field.