When do people believe their student loans were worth it? The amount of the loan, how much money someone makes and how much education they completed doesn’t tell the whole story. Even accounting for these variables, Black and Latino alumni are less likely to report their loans were worth it. However, the standout factor across all individuals is whether they believe their college provided them with resources and support to get a good job. These insights come from the Strada-Gallup Education Consumer Survey. The research is intended to inform education and training providers, policymakers, and employers who are helping people complete valuable and purposeful education pathways.
On April 7, Strada Center for Education Consumer Insights researchers presented our recent findings and discussed their implications with guest panelists.