According to a recent survey conducted by Student Loan Report, 69% of all student loan borrows would prefer to receive a payment as a gift this holiday season.

Why? On average, students look at a monthly-loan bill of roughly $351. Education costs continue to rise, and students would rather chip away at existing debt, rather than get a shiny new gift this year.

To read more from the Huffington Post, click here.
To read the full Student Loan Report survey, click here.