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Attitudes toward student loan debt. The National Student Loan Survey asked the student loan borrowers in their sample about attitudes toward debt. Here are some of the questions they asked, with the percent who responded in a particular way:

(a) "To what extent do you feel burdened by your student loan payments?" 55.5% said they felt burdened.

(b) "If you could begin again, taking into account your current experience, what would you borrow?" 54.4% said they would borrow less.

(c) "Since leaving school, my education loans have not caused me more financial hardship than I had anticipated at the time I took out the loans." 34.3% disagreed.

(d) "Making loan payments is unpleasant but I know that the benefits of education loans are worth it." 58.9% agreed.

(e) "I am satisfied that the education I invested in with my student loan(s) was worth the investment for career opportunities." 58.9% agreed.

(f) "I am satisfied that the education I invested in with my student loan(s) was worth the investment for personal growth." 71.5% agreed.
Assume that the sample size is 1280 for all of these questions. Compute a 95% confidence interval for each of the questions, and write a short report about what student loan borrowers think about their debt.

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  • Reference No.:- M92233305

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