A survey reveals how struggles to find employment have led many grads to pursue additional schooling, but that choice also leads to increased 2020 graduates student loan debt

COVID is forcing 2020 graduates back to school–and increasing their debt


A survey reveals how struggles to find employment have led many grads to pursue additional schooling, but that choice also leads to increased student loan debt

The COVID-19 pandemic has caused massive unemployment, and many 2020 graduates are worried about their job prospects. In fact, many recent grads who are unable to find jobs have instead enrolled in graduate school when they weren’t originally planning to.

At least 25 percent of 2020 college graduates have not been able to find full-time employment since receiving their diplomas, compared to 58 percent of 2020 grads who have found full-time employment since graduating and 17 percent who preferred not to say. The data comes from a new survey by ResumeBuilder.com.

Of those who haven’t been able to land a job, 34 percent have already returned to grad school, while another 35 percent are considering it.

Forty-five percent of those returning to grad school said it was never part of their plans until the pandemic made it impossible to find a job, while 39 percent said it was always part of their plans.

Laura Ascione