College students are regretting taking out student loans before they even leave school, a new report from WalletHub revealed on Tuesday.
Roughly 61 percent of college students said they regretted how much they borrowed with student loans, according to the report.
Since typically student loan regret doesn’t settle in until after one has completed their education, the high rate of regret could speak to the current economic conditions and inflation that Americans still face, Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek.
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“Students may be going into debt to simply get by while in college and realize that beyond that, there will be additional bills coming due for the classes they’re currently taking,” he said. “Increased costs across the board are leading to more self-awareness, and it will be interesting to see if it will cause some students to reconsider or even …