Report: College Grads with More Debt Are Less Happy

By Joe Gullo

Published 05/07 2014 10:30AM

Updated 05/07 2014 10:32AM

You may want to think twice before taking on a lot of student debt.

A new Gallup-Purdue University study of 30,000 graduates finds those with no student loan debt were seven times more likely to be happy than those with more than $40,000 in debt.

The study also found going to a fancy Ivy League school didn't mean you'd be happier later in life.

There was little difference between public and private school grads in terms of their future well-being and workplace engagement.

What did matter was the experiences graduates had while in college.

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