Abstract:
Millions of students will arrive on college campuses soon in September, and they will share a similar burden: college debt. The typical student borrower will take out $6,600 in a single year, averaging $22,000 in debt by graduation, and it keeps growing through out the year due to interest rate. This research was designed to test out how rational/ irrational would people make decision between to get college education or to just go straight to work instead. This survey data is the respondents’ direct responses from both classmates and outside sources of age between 18 to 70 years old. It shows most of the people still prefer to go to college and worry about student loan later on than not go to college. On the other hand, people do prefer to not able to work full time but goes to college over working full time without education.
