86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being

86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being.

Further, 53% of workers said that knowing they would incur additional debt has prevented them from pursuing more education, per CNBC.

Over two-thirds of student loan borrowers feel their education hasn't justified the toll their debt has taken on their overall well-being, according to a new survey.

Among those in the workforce with student loan debt, 80% described it as a "huge burden," according to the survey conducted by The Harris Poll for childcare and education provider Bright Horizons. More than 40% of borrowers said their debt has affected their future plans, while 53% admitted that the prospect of incurring more debt has deterred them from pursuing further education.

The Federal Reserve Bank of New York reports that borrowers held over $1.59 trillion in federal and private student loan debt by the second quarter of this year, accounting for more than 32% of all non-housing-related household debt.

Efforts to ease the burden on federal student loan borrowers have faced legal challenges, including President Joe Biden’s second attempt at student loan forgiveness and the Saving on a Valuable Education (SAVE) repayment plan.