Millennials, Gen Z are putting off major financial decisions because of student loans, study finds

74% of Gen Z borrowers and 68% of millennials who took on student loan debt for their higher education delayed a major financial decision as a result of their debt. Just 10% of those who borrowed for school said they would not have pursued higher education in hindsight. Despite the challenges, the vast majority said the debt wouldn’t have stopped them from pursuing higher education. It’s the second largest form of debt in the United States behind home mortgages. The Biden administration has been grappling with how to tackle the student debt crisis. Earlier this month, the White House extended the pause on federal student loan payments which has been in place since the beginning of the coronavirus pandemic through August. But the administration has not made a decision about whether President Biden will cancel . . .