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Scary: 35% of young graduates cannot pay their student loans

3/4/2013

The most popular degree in 2013? Debt. According to a new report by the Federal Reserve Bank of New York, 35 percent of college graduates under the age of 30 are 90 days or more behind on their student loan payments, up from 21 percent in 2004. With the job market as it is, many students are electing to stay in school longer and earn advanced degrees; however, upon graduation, these students are finding that their investment isn’t paying off. And subsequently, their loans can't be paid off either. [Source]

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