The vast majority of college and university employees—82 percent—carry some kind of debt, and just over half are debt-constrained in some way, according to a new report by the TIAA Institute and the College and University Professional Association for Human Resources (CUPA-HR).
The debt is more heavily concentrated in younger higher ed employees; 88 percent of those under 40 are carrying debt—most of it in student loans—compared to 64 percent of workers over 60, who are mainly paying off mortgages.
