The financial fallout of student loans can last into retirement.
People with student loans participate in employer-sponsored retirement plans at a lower rate than those without debt, according to a new survey by human resources consulting firm Aon Hewitt.
Aon Hewitt found that 71 percent of employees who had student loans contributed to workplace retirement plans, such as 401(k)s, compared with 77 percent of employees without debt. The margin of error was 2 percentage points.
When they do contribute, employees with student debt tend to save less for retirement than those who don't have loans.