Students take out loans despite high interest rates

BLOOMINGTON - With most jobs now requiring a college degree, young adults worry about paying back student loan debt.

Country Financial released data showing about 36 percent of Americans who have student loans, are worried they will never be able to pay them off. In fact, student loan debt averages more than $36,000. Nearly half of the 48% of Americans who have student debt, have missed at least one payment. Country Financial said despite the high interest rates, people still take out student loans because they think it’s necessary in order to be successful.


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