Loans - Student loans affects many career paths - 24/09/2008

Job satisfaction is being sacrificed by graduates as the pressure of their student loans takes priority after studies. A survey by Experience Inc revealed that around 50 per cent of college students would consider placing earning a higher pay above job satisfaction.

It is no news that students accumulate huge amount of debts whilst embarking on their studies. What is however, being drawn to attention is that graduates are admitting that these student loans are affecting people’s chosen career paths. Why that becomes a concern is because, where people mounted their debts in the sights of their thought-of career being the end result, instead, they are having to change paths not out of choice but circumstances.

Despite only 40 per cent of recent grads confirming that they actually chose higher paid jobs over those that would offer better job satisfaction, the issue is still a growing concern.

A statement made by Jenny Floren, CEO of Experience Inc., went as follows: “The competition for great new talent will be won by the employers who offer paid internships, scholarships, loan assistance initiatives and other benefits that ease debt burden.”

This is just another aspect of financial constraints on individuals; in this case, students are the ones that are being affected and are finding out that they have to make changes to life time plans.

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