Many of these borrowers may not have received adequate information about the loans and their options.

Consumerist reports.

Two-Thirds Of College Students Who Take Out Loans Have No Idea What They’re In For

Would you walk into a bank — or call up the federal government — and borrow $50,000 or more without having some idea of when or how you’ll be expected to pay it back, or what can happen to you if you fall behind? That probably sounds unwise to you, but the results of a new survey show that a large majority of college students who take out loans are jumping into the deep end of the debt pool without any advice or guidance.

In fact, according to the survey [PDF] from our colleagues at Consumer Reports, 62% of Americans with student loan debt did not attend any financial aid information sessions prior to enrolling in college.