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The Center for American Progress also noted that due to the widening racial wealth gap, Black Americans are at a disadvantage compared to white Americans when it comes to saving for college. This inequality not only affects Black families but continues to impact Black students and Black students. Ultimately leaving them with more student loan debt. It goes without saying that student loan debt forgiveness may be just the first step in dismantling the systemic barriers Black people face in America, but it is certainly an essential step.

How Student Loan Debt Affects Borrowers’ Mental Health cyprus whatsapp list If these facts aren’t enough, student loan debt isn’t just a source of financial strain. A study conducted in March found some painful truths about the connection between student loan debt and borrowers’ mental health. 9 out of 10 highly indebted borrowers experience depression as a direct result of their debt, while nine out of 10 borrowers experience loan-related anxiety.

Additionally, survey data “shows that 1 in 10 suicide deaths among young professionals is caused in part by student loans.” Photo provided by She herself is saddled with $100 in student loan debt. In an interview, "I went through this whole trajectory. I went to my dream school at the time, NYU, and it was very frustrating for me to make dollars an hour but not work in your field.