
Student Loan Debt: Mental Health & Coping Strategies
About this episode
Student loan debt isnt just a financial burden, its a mental health crisis. Justene Bolognas story is a stark example, with over $200,000 in debt and rising stress levels. The pandemic pauses end brought renewed loan payments, exacerbating financial strain and isolation. Experts like Helen Colby highlight the pervasive impact of debt on well-being. A solution? Mental bootstrapping - pairing budget reviews with enjoyable activities and opening up to loved ones. These steps can help reclaim peace amidst the debt grind.
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Durham News Today | 2 Min News | The Daily News Now! — Student Loan Debt: Mental Health & Coping Strategies. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Student loan debt is hitting folks hard on the mental side, not just the wallet. Take Justin Bologna, a 30-year-old who racked up over $200,000 from her college and master's degrees. Add in medical bills from having twins and is squeezing her daily budget for basics, like groceries, while spiking her stress and anxiety levels. That debt mess doesn't stop at money. It ripples into relationships and overall well-being. After the pandemic pause ended, more than 40 million Americans jumped back into federal student loan payments, right as living costs skyrocketed, and other debts piled on. Experts like Helen Colby from Indiana University point out how these financial pressures touch every corner of life, often leaving people feeling, alone in the struggle. Many hide their worries from family, friends, even bosses, which just amps up the isolation. One smart move is mental bootstrapping pair that dreaded budget review with something fun, like an hour of your favorite show first. Then tackle the numbers, or reward yourself with dessert after planning payments.
It makes facing the debt less overwhelming. Another key is opening up to loved ones about as much as you're comfy sharing. It cuts the stress without spilling every detail. Facing this head on with these steps can help reclaim some peace amid the debt grind. This has been Derm News Today, powered by AI, I'm Corey with the story.
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