Study: Graduates would spend a week in jail to erase student loan debt
What would you do to have your student loan debt erased?
A recent study suggests plenty of people would be willing to go to jail for a week if it meant getting out of paying off their loans.
The study was conducted by OnePoll on behalf of Splash Financial. It surveyed 1,000 undergraduate and 1,000 postgraduate degree holders.
The study included insights on the sacrifices borrowers make, such as skipping social gatherings and working a side hustle, as well as the financial impossibilities for those in debt, such as buying a house or saving for retirement.
The most interesting results came from those answering what they’d do to erase their student debt.
Thirty-nine percent said they’d spend a week in jail.
Here’s a look at all the responses:
- Shaving ones’ head (51%)
- Walk to work for a month (49%)
- Never have caffeine again (40%)
- Relive high school over again (40%)
- No time off from work for a year (40%)
- Spend a week in jail (39%)
Article via WSET