What are the impacts of student loan debt on mental health?

Student loan debt can have a significant impact on mental health, as it is a major source of stress and anxiety for many borrowers. Studies have shown that student loan debt can lead to depression, anxiety, and other mental health problems.

One of the biggest impacts of student loan debt on mental health is the stress that it causes. Borrowers may feel overwhelmed by the amount of debt they have and the burden of making payments. This stress can lead to anxiety and depression, and can even impact physical health, such as causing headaches, stomach problems, and sleep disturbances.

Student loan debt can also affect a borrower's career choices and job opportunities, which can impact their overall well-being. Borrowers may feel like they are trapped in their current job or unable to pursue their desired career path due to their debt. This can lead to feelings of hopelessness and despair.

In addition, student loan debt can impact a borrower's financial stability and future, which can also impact mental health. Borrowers may feel like they are unable to achieve financial independence or reach other financial goals due to their debt, which can lead to feelings of frustration and despair.