News / ICUT Issue Brief: Car vs. Degree?

By Sam Rauschenfels
Wednesday, October 24, 2018

 Cost  HigherEducation  IssueBrief
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ICUT is excited to release our third Issue Brief, where we compare two common investments: a new car and a bachelor's degree. Did you know that average automotive debt is at an all-time high, averaging $33,000 per auto loan? That's the cost of a well-equipped new Chevrolet Malibu! Meanwhile, the average student loan debt, while also on the rise, currently rests at about $26,000. 

Check out our third quarter Issue Brief - reprinted with permission from our colleagues at Michigan Independent Colleges and Universities (MICU) - to learn why investing in higher education is a better bet in both the short and long run.

Click here to read the brief!

Sam Rauschenfels