NEW YORK ( MainStreet) -- Student loan debt continues to be a big problem for college graduates, their families and the economy, including this wrinkle: Students may take on so much college debt in pursuit of better jobs that they actually may drive away good employers. According to an August study by Fidelity Investments:
- 70% of the Class of 2013 is graduating with debt, averaging $35,200.
- 59% report they chose a specific major in hopes of securing a higher-paying job.
- One-half say paying off their student loan debt is now their the top financial goal.
- 39% would have made different choices related to college planning had they understood the total cost of college.