
Student Loan Debt: Turning the Tide
About this episode
Justene Bolognas struggle with over $200,000 in student loans and medical bills highlights the financial burden many face, especially with the resumption of federal student loan payments. This debt, coupled with rising living costs, can lead to severe stress and anxiety. Indiana University professor Helen Colby suggests mental bootstrapping as a solution: pairing budget management with enjoyable activities and sharing struggles with loved ones to reduce isolation.
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Canada News Today | 2 Min News | The Daily News Now! — Student Loan Debt: Turning the Tide. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Justin Bologna racked up over $200,000 in student loans between her college and master's degrees. Now, a 30-year-old mom, she's also dealing with medical bills from having twins. That debt hits her hard, messing with her daily cash flow for basics, like groceries, and even straining her relationships. On top of that, the pandemic pause on payments ended, and over 40 million Americans are back to repaying federal student loans. Living living costs make it tougher, piling on other debts for many folks trying to get by. Bologna says it triggers severe stress and anxiety, a common vibe for those buried in loans. Indiana University professor Helen Colby points out how these money woes ripple into every part of life, leaving people feeling isolated and overwhelmed. Colby offers smart tips to ease the mental load. Try mental bootstrapping pair tackling your budget with something fun, like watching your favorite show first, or grabbing a treat after. And don't bottle it up, share your struggles with family or friends, even just a bit to
cut the isolation. These steps can help turn the tide, so if debts weighing you down start small and build from there. This has been Canada News Today, powered by AI.
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