The study surveyed 1,000 undergraduate and 1,000 postgraduate degree holders, revealing that 47% of people with student loans consider it worrying or frustrating. Of those with debt, 4 in 5 consider it a life sentence.
Taking Drastic Measures to Save Money
Degree holders burdened with debt have resorted to drastic measures to manage expenses. Thirty-nine percent of respondents have forgone social events, while an equal percentage have taken on side jobs. Additionally, 36% have accepted undesirable yet high-paying jobs. The same proportion has missed significant life events, such as weddings or births, to avoid travel expenses. Thirty-five percent have skipped meals, and 35% have chosen to reside in less secure neighborhoods to reduce housing costs.