Most student loan borrowers say theyve delayed major life events due to debt, poll finds [Video]

(The Hill) – Most student loan borrowers say they have delayed major life events due to their debt, according to a recent study.

The Lumina Foundation-Gallup 2024 State of Higher Education study, released Wednesday, found 71 percent of borrowers said they needed to delay at least one major life event because of their student loans.

Survey respondents were most likely to list buying a home, buying a car and moving out of their parents’ home as life events that were placed on hold.

Just under 30 percent said they were delayed in buying a home, 28 percent said they were delayed in buying a car and 22 percent said they were delayed in moving out, per the poll. Roughly 20 percent said they needed to put off starting their own business, 15 percent said they waited to have children and 13 percent delayed getting married.

Gallup noted that delay rates of these major life events were similar across …