It’s probably not surprising that among student borrowers who now make more money or have attained higher degrees, even more support taking student loans. Those who earn $100,000 a year or more think loans were “worth it” by 80 points – 79% to 19%. Those with at least a bachelor’s degree say loans were worth it by a 72 to 26 margin. Of course, proving the point, high earners and college graduates are heavily correlated groups.
But naturally, since this is a “crisis” and all, the press coverage of the poll didn’t reflect that borrowers said their loans were worth it. Instead, as examples, CNBC’s headline was “36% of college grads with student loans say the debt wasn’t worth it…” and Business Insider’s headline was “Nearly half of indebted millennials say college wasn’t worth it…”
Sure, but, again, college is provably “worth it” and a majority of borrowers said so.