According to a 2019 survey, about 18 percent of respondents said that they did not comprehend at all the proportion of their income that would be spent on student loan repayment. This is compared to 26 percent of respondents who said that they fully understood how much of their income would go towards paying off their student loans.
Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019
Characteristic
Share of respondents
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respondents who personally took out student loans for college
Method of interview
Online survey
Supplementary notes
Total sample size was 1,225 respondents.
Original question: "Looking back, how well, if at all, do you believe you comprehended each of the following when taking out your student loan(s)? The proportion of your income that would have to be spent on loan repayment."
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YouGov. (May 22, 2019). Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/
YouGov. "Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019." Chart. May 22, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/
YouGov. (2019). Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/
YouGov. "Share of Adults Who Fully Comprehended How Much of Their Income Would Be Spent on Student Loan Repayment in The United States in 2019." Statista, Statista Inc., 22 May 2019, https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/
YouGov, Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019 Statista, https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/ (last visited July 22, 2024)
Share of adults who fully comprehended how much of their income would be spent on student loan repayment in the United States in 2019 [Graph], YouGov, May 22, 2019. [Online]. Available: https://www.statista.com/statistics/1077223/share-adults-comprehended-proportion-income-spent-student-loan-repayment-us/
