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Even if you escaped college without student loans, you definitely know someone who has them. Student loan debt is quickly reaching crisis proportions in the United States.
But how is that money being spent? You might be surprised to learn student loans aren’t just financing tuition and textbooks.
In fact, according to our recent study, college students are using their student loans to fund everything from cell phone bills to new clothes to beer.
Check out the infographic to learn more about how student loan funds are being spent by today’s students and what that means for the future of their finances.
Interested in refinancing student loans?Here are the top 6 lenders of 2017!
|Lender||Rates (APR)||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!|
|2.56% - 6.74%||Undergrad & Graduate||Visit SoFi|
|3.64% - 7.20%||Undergrad & Graduate||Visit DRB|
|2.56% - 6.74%||Undergrad & Graduate||Visit CommonBond|
|2.43% - 7.26%||Undergrad & Graduate||Visit LendKey|
|2.59% - 8.38%||Undergrad & Graduate||Visit Citizens|
|3.00% - 7.35%||Undergrad & Graduate||Visit CollegeAve|
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