Students Willing To Give Up Vacation For Loan Relief

November 8, 2019

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Student loan debt is the highest it has ever been in the United States. According to the Federal Reserve, it is the second-highest consumer debt category, second only behind mortgages. So it’s not hard to believe people would go to extra lengths to get rid of their debt including going to jail. A recent poll found 89% of college students say their student loan debt as a financial burden and many have said they've made major sacrifices because of their financial debt, such as skipping social events, picking up a second job, and missing crucial life moments such as not attending a loved ones’ wedding or birth to avoid travel costs. 40% said they'd give up time off work for a year and 39% stating they'd spend a week in jail just to get student loan debt relief.

SOURCE: WFLA-TV

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