Most teens are clueless on college costs

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.