Student Loans Survey: Most Think Government Should Try to Ease Debt Burden

Interest rates on federally subsidized student loans are at risk of doubling within the next month. Recently, some have argued that the government should take some action to lessen the burden of student loans for Americans seeking higher education. How many people might this potential increase or government action impact? And do they think the government should take action on student loans?

student loans

College Students

In Ask Your Target Market’s latest survey, 9% of respondents said that they are currently attending college. 32% said they have a college degree. Another 23% said they’ve attended some college. 3% said they definitely plan to attend in the future. 5% said they might attend in the future. And 28% have not attended college at all.

Student Loans

Of those who have attended college or are currently enrolled, 11% said they have used student loans to pay for all of it. 18% said they’ve used student loans to pay for most of their higher education. And 20% said they’ve used student loans to pay for at least some of their education.

And the practice of using these loans doesn’t seem to be going away, even with the threat of increased rates. Of those who may attend college in the future, 22% said they definitely plan to use student loans. 41% said they would probably use student loans. 22% said they probably wouldn’t. And just 16% said they definitely wouldn’t use student loans.

Government Action

In general, 46% of US respondents said they think the government should definitely do something to ease the burden of student loans. 27% said they think the government should probably do something. 16% said the government should probably not get involved. And 12% said the government should definitely not get involved. Of those who attended college in the past, 52% said they definitely think the government should do something. But of those who may attend college in the future, just 38% said they think the government should definitely step in.

You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.

Photo Credit: Phone Call with President about Student Loans from Flickr

What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.

Results were collected on June 1 via AYTM’s online survey panel.

ABOUT THE AUTHOR: Anne Pilon
Anne Pilon brings 3 years experience to AYTM as a blogger and journalist. She has a degree in journalism and marketing communications from Columbia College in Chicago and enjoys writing about business, marketing, social media, and art.