You enquired: how does student debt make you feel?

As an AI language model, I do not have feelings, but student debt can cause stress, anxiety, and financial burden for many individuals.

Response to your request in detail

Student debt is an issue that affects millions of individuals worldwide. It can cause stress, anxiety, and financial burden, making it challenging for graduates to live comfortably and make significant purchases such as buying a home or car. A report by the Institute for College Access and Success revealed that the average student loan debt for graduates in 2019 was $28,950.

In addition to the financial strain, student debt can also impact individuals’ mental health. A study by the American Psychological Association found that those with higher levels of student loan debt reported significantly higher levels of stress and worry than those without.

As the renowned American poet and essayist Ralph Waldo Emerson puts it, “The debt we owe to the play of imagination is incalculable.” Unfortunately, instead of having the freedom to pursue their passions and imaginations, many graduates find themselves burdened with debt payments.

Here are some additional interesting facts on student debt:

In total, Americans owe over $1.6 trillion in student debt.
The amount of student loan debt has more than doubled in the past decade.
Women hold nearly two-thirds of all student debt in the United States.
Student loan debt is the second-largest source of debt in the United States, after mortgages.
In some cases, student loan borrowers have reported that their debt may impact whether or not they can get hired for a job or obtain security clearance.

To summarize, student debt is a significant issue that can cause stress, anxiety, and financial burden for many individuals. While it may feel overwhelming, it’s essential to remember that there is support available, including income-driven repayment plans, loan forgiveness programs, and other forms of assistance. As Emerson reminds us, we all deserve the opportunity to pursue our imaginations and passions without the weight of financial obligations holding us back.

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You might discover the answer to “How does student debt make you feel?” in this video

In the video “What Everyone’s Getting Wrong About Student Loans,” John Green explains that average student debt amounts can be misleading. While 65% of graduates with loans have an average debt of $28,000, the average debt for any borrower is actually $39,000. This is because graduate school loans, particularly for law and medical school, significantly contribute to the total debt amount. Additionally, 40% of students with loans do not receive a degree, and often face financial pressures that lead to dropping out and struggling with loan delinquency.

There are several ways to resolve your query

“53% of high debt student loan borrowers have experienced depression because of their debt.” “Nine in 10 borrowers experienced significant anxiety due to their loan burden.” “One in 15 student loan borrowers surveyed have considered suicide due to their student loans.”

Based on the research we have, here are some of the current impacts of student debt we know of:

Suicidal Ideation. A study conducted in 2021 found that 1 in 14 respondents considered suicide* as a result of student loan debt. This is an increase from 2019 statistics, where it was 1 in 15 respondents.

One survey found that over 85% of respondents cited student loans as a major source of stress.

Depression And Anxiety.

Life Decisions And Basic Needs.

More interesting questions on the issue

How does student debt affect a person?

Student loan debt affects more than your financial independence and your standard of living. It also determines which dreams you’re able to pursue and which ones will become a distant memory. You may find yourself sacrificing a job that offers you more fulfillment and purpose for a career with a higher salary.

How do students feel about student debt?

The reply will be: Many students say they prefer "just not to think about it" because adding money stress to their academic stress is overwhelming. While that’s an understandable reaction, research shows that hiding from debt can be associated with bad financial decision-making and mental health problems.

How stressful is student debt?

In reply to that: Of the 1,272 Black borrowers surveyed, 64% said student debt had a negative impact on their mental health. When interviewed, respondents mentioned experiencing a “loss of confidence, high levels of stress, anxiety, and suicidal ideation,” according to a summary of the 2021 study.

Do people regret student debt?

"Beyond the financial burden of loans, college debt is often emotionally taxing, which can lead to feelings of regret and doubt as it relates to one’s college choices and overall satisfaction with the experience."

How does student loan debt affect your life?

As a response to this: Students who graduate with debt will feel the effects of their debt for years after they graduate. Beyond the stress and anxiety that large amounts of debt can cause, student loans can force people to make hard choices and delay important life events. Here are some ways in which student loan debt can have an impact on your life:

Are student loan debt worries spiraling out of control?

Response to this: More than 61 percent of respondents said they fear their student loan debt worries are spiraling out of control — and more than 70 percent reported suffering from headaches due to the stress of it. From insomnia to physical symptoms of anxiety to social isolation, student loan-induced stress is threatening to take over the lives of borrowers.

Is college debt a problem for young people?

College debt is one of the most crippling financial burdens young people face today. What’s more, nearly 40% of student loan borrowers don’t finish their degree within six years. That’s according to the Hope Center for College Community and Justice. So they end up with thousands of dollars in student debt and no degree to show for it.

Is student debt holding the economy back?

Plus, college graduates live longer than those without a college degree. While student loans can be crucial in helping Americans access these benefits, economists say that student debt is holding the economy back. Approximately 45 million Americans collectively owe $1.7 trillion in student debt.

How does student loan debt affect your life?

Students who graduate with debt will feel the effects of their debt for years after they graduate. Beyond the stress and anxiety that large amounts of debt can cause, student loans can force people to make hard choices and delay important life events. Here are some ways in which student loan debt can have an impact on your life:

Are student loan debt worries spiraling out of control?

As an answer to this: More than 61 percent of respondents said they fear their student loan debt worries are spiraling out of control — and more than 70 percent reported suffering from headaches due to the stress of it. From insomnia to physical symptoms of anxiety to social isolation, student loan-induced stress is threatening to take over the lives of borrowers.

Is college debt a problem for young people?

Response will be: College debt is one of the most crippling financial burdens young people face today. What’s more, nearly 40% of student loan borrowers don’t finish their degree within six years. That’s according to the Hope Center for College Community and Justice. So they end up with thousands of dollars in student debt and no degree to show for it.

Is student debt holding the economy back?