Are Student Loans Actually Depressing?

Are Student Loans Actually Depressing?

Los Angeles, CA
February 10, 2015

A new study conducted by the University of Southern California (USC) finds student loan debt is a major source of stress for young adults. With more than $1.2 trillion dollars owed in student loans, researchers wanted to know the mental and emotional effects of carrying this debt burden. The research sought to explore two scenarios, the mental effects of borrowing while enrolled in school and then after graduation.


The results were clear across the board. Students with higher levels of student loan lending had more reported signs of depressive symptoms. The results held true even when adjustments were made for parental wealth, childhood socioeconomics, and other factors. Researchers speculate the middle class is most affected by private student loan burdens because they are ineligible for some federal student loans but still do not have enough money on hand to pay tuition in full. With this burden, those with student loan debt cannot participate in economic building activities such as saving for retirement, buying a home or car, or consuming goods and services. If you are burdened by student loans consult a qualified debt settlement attorney. Take the time to learn from an expert about more options to get out of student loan debt and get on with life.


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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.