Burden Of College Debt Essay

Burden of College Debt College is meant to be a chance to introduce new opportunities to growing adults, and to offer them a career path that will sustain them financially. It's a way to reach for the above and beyond and make one’s dreams possible. However, college is frequently accompanied by hefty student loan debt, leaving the achievement of those dreams completely out of the question. Even after obtaining a good college degree, students are often tied down by their student loans, which can significantly impact their future prospects. College debt can have a crucial and long-lasting impact on students’ futures and life choices. Student debt lowers their credit scores and affects their future financial wellbeing, inflicts mental health

College debt forces students to budget carefully and make many sacrifices. Initially, a student may respond to their debt by rushing into any random career they can find in order to meet their payment requirements, which can set back their path to a more well-paying job that they may have been hoping for originally. This stifles one’s creativity and stops them from pursuing a career that they are actually passionate about. This can furthermore have a negative effect on one’s mental health and may lead them to feel unsatisfied with their lives. On the other hand, someone who is not struggling to repay their student debt “could be more choosy and take the time to find a job they truly enjoy. They’d also have the freedom to take

Students with college debt often feel a sense of pressure and anxiety, fearing the judgment of other students and family members who may not understand what they are going through. Because of the impact on one’s mental health, students under this pressure may be led to making poor decisions and begin to lose hope for their lifelong goals and values. College students’ lives get torn apart by the burden of their debt and tend to feel ashamed of their low income families who could not afford their tuition. People from these low income families are more vulnerable as it is. It is probable for them to have a tougher time finding a steady source of income for themselves, causing them to feel even more overwhelmed and hopeless about paying off their loans. The “financial and psychological toll of student loan debt leaves many wondering if their degree was even worth it” (Geiman). College debt’s toll on mental health puts a dent in both a student’s academic performance and their ability to enjoy their once-in-a-lifetime college experience. If one’s emotional wellbeing is damaged, it becomes extremely difficult to focus on other aspects of their life such as starting a family or their education in itself, which was the main focus in the first