Most teens are clueless on college costs

Source: CentSai Adulting

Most teenagers have unrealistic expectations about what the future holds, even the immediate future.

More than half of high schoolers expect to leave college with only $10,000 in student debt, according to a recent report by CentSai Adulting, a financial wellness site for teens. The reality is closer to three times that amount.

Only 9 percent said they are willing to rack up $20,000 to $50,000 in loans to get a degree, CentSai Adulting said.

In the end, 7 in 10 college seniors graduate with debt, owing about $29,000 per borrower, according to the most recent data from the Institute for College Access & Success.

Still, 76 percent of the teens polled said they believe a four-year degree is worth the cost (even though they are unclear on what that is).

CentSai Adulting poll of nearly 2,000 teenagers ages 14 to 17 was conducted last month.