Student Debt: A Critical Challenge Facing Professionals [DPE]

Student debt is a widespread problem in the United States and student loans make up the largest portion of non-housing consumer debt.

While bachelor’s or graduate degrees were required for 21 percent of all jobs before the great recession in 2006, they are now required for 28 percent of all jobs in the United States and jobs requiring bachelor’s, master’s, doctoral, or professional degrees are projected to continue growing faster than overall employment. Among bachelor’s degree holders, women, Black, and Latinx students are more likely to have taken out student loans to finance their education, and they have higher average loan balances compared to other undergraduate borrowers.

High levels of debt can shift the way new graduates think about the job market and job satisfaction. Learn more about this by reading the complete study by the Department For Professional Employees here.

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