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.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.