BloombergBusiness Story: American Students Know Almost Nothing About Their College Loans

Here. Excerpt, reporting on a study by Lendedu:

When Lendedu talked to 477 undergraduate and graduate students at three Bay Area campuses, it found that just 6 percent of them knew how long they would be repaying the debt. Only 8 percent knew the interest rate on their loan. * * *

More than 90 percent of the students did not know which type of loans accumulate interest during school and which do not. Seventy three percent thought that Sallie Mae, which for years collected federal student debt, was a person rather than a company.

Not exactly an endorsement of the loan counseling students receive.

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