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China Daily / 2019-12 / 03 / Page010

Many in US saddled with college loans

By MAY ZHOU in Houston | CHINA DAILY | Updated: 2019-12-03 00:00

Student debt stands at $1.56 trillion among nation's 45 million borrowers

Josef, a software engineer at a major corporation, borrowed a total of $35,000 to pursue a college degree.

He considers his decision a wise one. "I was able to complete higher education sooner than if I planned for it differently," said Josef, who asked that his last name not be used.

The degree helped him land a job with decent pay that enabled him to pay back his student loans. In his case, accruing debt worked out better than working part-time for low wages while taking longer to finish college.

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