The poll from
Although about a quarter expected to owe less than
Yet despite the predictions of big debt, most students remain optimistic about their ability to eliminate it.
Sixty-six per cent surveyed believed they'd be able to pay down their debt within five years or less, while 34 per cent expected it would take them more than six years to be debt-free.
"While their intentions are admirable they may not be realistic," said
"As they look to start their careers, they will likely be moving out on their own, saving for a car, a down payment on a home, or getting married and having children. That's why it's important for them to manage the amount of debt they take on, develop a budget that helps them carefully manage their spending while in school and have a plan to pay off debt once they graduate."
Looking over the short term, another survey — this one by the
It also found some regional differences between where students lived and how much they expected to spend. Those who live in
According to the survey, a third (34 per cent) of the students said they planned on using loans and scholarships to pay for these purchases. Thirty per cent said they were going to rely on financial help from friends and family, while about a quarter (27 per cent) would be using credit.
It found the vast majority of students recently surveyed said most of their costs would be going towards textbooks (88 per cent); new clothes (58 per cent); computers or cell phones (41 per cent); and furniture (20 per cent).
The polling industry's professional body, the
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