Why Students Take on Debt—and What It Reveals

Why Students Take on Debt—and What It Reveals

A new Trellis Strategies report finds that many students are using loans to cover rising living costs while juggling work, caregiving and financial uncertainty. For Tyler Powe, a fourth-year student at Mississippi State University, taking out student loans wasn’t for covering tuition—it was for covering everything else. Despite earning significant scholarships, Powe, a business information systems major, said he still needed to borrow to pay for…