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Student debt may hurt chances at full-time employment:
A recently published study led by The University of Texas at Arlington says that student debt may hurt students' chances of securing full-time employment due to added pressure in their job search.
[...] The researchers say that having student loan debt is a financial stressor to students that leads to additional stress during their job search, which in turn can harm their chances of securing a full-time job.
"Student loan debt creates an anticipated loss of financial resources, which brings higher levels of stress to student job-seekers," said Froidevaux, who is a fellow of the Eunice and James L. West Distinguished Professorship. Her research interests include career transitions, retirement and aging in the workplace, and identity negotiation.
The more financially strained individuals are, the less likely they are to have sufficient energy and motivation to invest in their search for a successful job placement, she said. Results from the study also suggest that students who are more stressed about their student loans were likelier to work more hours in part-time jobs. This stress in searching for a job reduced the likelihood of securing full-time employment upon graduation from college. The research team used data from 1,248 graduating seniors from four different American universities.
The current level of student loan debt in the USA is $1.6 trillion, above credit card debt and auto loans, and second only to mortgage debt.
Journal Reference:
Ariane Froidevaux et al, Is student loan debt good or bad for full-time employment upon graduation from college?, Journal of Applied Psychology (2020). DOI: 10.1037/apl0000487
(Score: 2) by Common Joe on Thursday August 27 2020, @04:11PM
I'm not sure if you're trolling, but I'll reply anyway.
You're far from the first person to think I'm a moron and uneducated. You're not hurting my feelings.
I have a degree in IT and am getting another in IT. It's still my opinion that I could have contributed more to society if the education system had been setup different. For instance, I'm not a theory person. Why do I have to learn all this theory at the university? It would have been better if I had gone to a trade school, but no one wants an IT person who doesn't have at least a bachelor's degree. And often times, even that isn't good enough anymore. (Hence the reason why I'm going back.)
I've done it all -- worked for small business, large business, and city government. I even taught for a year at a specialized university. And every job was in IT. I also have a bachelor's degree in IT which I got somewhere in the middle of all that. You know where I learned 90% of my useful IT knowledge? It wasn't at the university where I earned my bachelor's degree; that was mostly useless crap. My education came from the School of Hard Knocks.