students worry about possible recession

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(KRON) — Although students fear a recession is on the way, most feel ready to tackle their post-graduation opportunities, according to a recent survey by Student Loan Hero.

Recent graduates have faced a host of economic challenges in recent years. SLH, an online student debt platform, surveyed more than 1,000 US undergraduate students to find out how they feel about their prospects for graduate school. Forty-six percent of students fear graduating during a recession. LendingTree’s chief credit analyst, Matt Schulz, says that’s no surprise.

“We’re in such a weird economic situation right now, and nobody knows exactly what the next six months to a year will look like,” Schulz says. “While unemployment is still low right now, there’s no guarantee it will still be that way when graduation rolls around next spring, or anytime after.”

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Fifty-nine percent of undergraduates feel prepared for their post-graduate career and 74% are confident they will be able to get a job in their chosen field. Only 23% of students surveyed want to be completely distant for their first role outside of the university. Forty-four percent of students want a hybrid position and 33% of students surveyed said they would prefer an office job.

About a third of those surveyed said they planned to go on to graduate school if they couldn’t find a job in their field after graduating. Women are more likely to continue their studies if they cannot find a job right away, 37% of women would consider higher education, but only 24% of men think the same.