A new study shows that roughly 33% of millennials wish they never went to college.
That’s a stunning statistic — and it’s evidently not because of the keg parties either. Plainly put, since more than 50 percent of college students finance their educations with student loans — graduating, on average, about $28,000 in the proverbial hole — it’s easy to see why a plurality of young people wish, in retrospect, they had never attended college in the first place
Can we really blame them?
Here’s an indication of how burdensome student loans have become: About one-third of millennials say they would have been better off working, instead of going to college and paying tuition.
That’s a according to a new Wells Fargo study which surveyed 1,414 millennials between the ages of 22 and 32. More than half of them financed their education through student loans, and many say the if they had $10,000 the “first thing” they’d do is pay down their student loan or credit card debt.