Student Loan Debt Is Bad For Mental Health, And These Stats Prove it

Such a debt load can have an impact on a student or graduate’s mental health, though only a small amount of published research exists on the apparent link.

Show that your student loans are causing you undue hardship. In order to have your student loans wiped out due to mental illness, you will need to show the loan provider that you cannot make regular monthly payments on your loans and still maintain a minimal standard of living.

Both our short- and long-term solutions to the current student loan crisis should be crafted with an awareness of these stakes. other institutions. The bad news: The bill is currently pending.

About three-quarters of medical students who graduated in 2018 took out loans. Of those borrowers. that doesn’t even offer health insurance or a reliable source of income for recent graduates? The.

Jack-Good point re cc debt vs. student loans. So many targets of opportunity [stupidity] in that speech! Comment by The Professor – January 28, 2012 @ 11:20 am. You’d think that RoPaul would recognize the embrace of RT and AJ would be the kiss of death, but RoPaul and his minions hug and kiss right back. Sorry. Bad mental image :p [but.

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Student loan borrowers have long known the emotional consequences of debt. However, a new study by researchers at the University of South Carolina and the University of California Los Angeles confirmed this with their findings. In the first study of its kind, researchers looked at how student loan debt affects the mental health of borrowers.

The Sobering Stats on the Student Loan Crisis. At this point, national student loan debt has way exceeded credit card debt-by over $1 trillion! (Student loan debt has seen almost 157% growth since the Great Recession and is the fastest-growing portion of the total household debt in the U.S. (3) There are currently about 44 million student loan borrowers in this country.

Here’s why. Significant financial problems impact our mental health. More than 40% of people with money problems are clinically depressed and I have seen case after case of people that have been slowly slipping under mental health issues of all types while struggling with the debt and related stress. It doesn’t need to be that way.