A Comet Survey of Over 1,000 Student Loan Borrowers

About This Study

As a part of its regular research on the student loan industry, Comet periodically surveys student loan borrowers to learn about their needs and motivations for refinancing.

We’re glad to share our conclusions with you. If you’d like to include this project’s findings or images on your website for noncommercial purposes, you’re welcome to do so. We only ask that you credit us as the source.

Methodology

To obtain the survey data, we collected responses from 1,056 internet users using Amazon’s Mechanical Turk. Our survey description specified respondents must be student loan borrowers. A total of 1,030 respondents answered they were responsible for paying back student loans either for themselves or someone else.

Participants ranged in age from 18 to 76, with a mean of 33.04 and a standard deviation of 8.93. Participants were excluded from analysis if they answered attention check questions incorrectly. The data we are presenting rely on self-reporting. There are many issues with self-reported data. These issues include but are not limited to: selective memory, telescoping, attribution, and exaggeration.

Fair Use Statement

We’re glad to share our conclusions with you. If you’d like to include this project’s findings or images on your website for noncommercial purposes, you’re welcome to do so. We simply ask that you provide a link to this page to attribute the authors properly.