College Grads Follow the Money, Not the Dream

Posted on September 25, 2008
Filed Under News, The Daily Prereq | By Jessica Dye

Sure, with a college degree in hand, you could hypothetically do anything you want. But student loan companies don’t take kindly to checks for the sum of Our Happiness and Self-Realization (trust me). That’s why, according to career-services site Experience, Inc., today’s college students are choosing more lucrative career paths over those that make them the happiest.

The survey asked 336 college students and recent grads about how their mountain of indebtedness has affected their career path. Forty-seven percent said their loans have affected major career decisions, 40 percent would choose a position that paid more over one that gave them more satisfaction, and almost two-thirds said they would take a job they weren’t crazy about if it offered loan repayment assistance. A sad 23 percent of respondents said they’ve given up plans to continue their educations or go on to grad school because of loan burdens. All of this proves what our checking account already knows: It’s hard to reach for the stars if the stars don’t offer six-figure salaries and signing bonuses.

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