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Graduation day should be liberating. You've accomplished a goal. You're ready to begin life in the real world and make a living for yourself. However, graduation joy can quickly give way to student loan regret.
According to a recent Citizens Bank 'Student Lending Survey,' 74% of Americans with student loan debt "wish they had done more to minimize the burden."
Hindsight is 20-20 and, according to the survey, a double-edged sword. 53% of survey respondents say they could have racked up less debt if they had discussed it sooner with their parents. However, 61% say their parents didn't have a full understanding of the costs of higher education.
Citizens Bank President of Consumer Deposits and Lending Brendan Coughlin says "Students need to have a plan before they start their college career."