Taipei--Many young people in Taiwan not only suffer from low salaries but also shoulder the heavy financial burden of student loans, according to a survey released by an online job broker on Friday.
The survey conducted by 1111 Job Bank revealed that 41 percent of new graduates had outstanding student loans or other debt obligations.
The average student loan owed by graduates was NT$205,911 (U$6,773), with 17 percent owing NT$310,000 or more, the survey showed.
This year, the average starting salary for new graduates is NT$28,004, which means that indebted graduates would have to save all their salary for 7.35 months to pay off the loan, according to the survey.
Also in the survey, 63 percent of new graduates expressed interest in working overseas. That includes 26.1 percent who prefer short-term assignments, 25.9 percent who want a full-time position and 11.1 percent who are interested in a working holiday.
The top three reasons listed by respondents interested in working overseas were they wanted to broaden their international horizons, salary levels in Taiwan are too low and overseas work experience will be beneficial in their future careers.
The survey was conducted from June 7 to 21 and involved 562 job bank members who graduated from university this summer.
Source: Focus Taiwan News Channel