(CNN) – NEW YORK – Going to college is supposed to be the path to a more prosperous life. But the cost of getting a degree has become a financial albatross, weighing down borrowers from the day they graduate to the day they retire – if retirement is even possible.
Student loan debt is a burden that nearly 3 out of 4 American borrowers say has forced them to delay a major life event – whether that’s buying a house, having kids or getting married, according to the latest Gallup Lumina Foundation Cost of College report.
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“I’ve had to just put all of my dreams aside and focus on surviving day to day,” Jes Evans, 35, told CNN. She earned a master’s in religious studies in 2017, with dreams of teaching at a college. But she couldn’t find any jobs in her field when she graduated and struggled to find jobs in other areas where she lacked experience.
Evans, who now works as a director of youth programs and communications at a church north of Pittsburgh, feels trapped by her debt, for which she pays $940 a month.
“It just feels like you’re treading water your whole life...
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