How To Avoid Mental Health Issues Despite Student Debt

11.05.22 12:55 AM Comment(s)
Obtaining higher education is a common dream shared by many Americans. Little do they realize the roller coaster ride that awaits them.  Not only is no one looking over their shoulder when it comes to studying in college, but most have yet to fully appreciate that college is not free even if the so-called “financial aid offer” may imply differently.

May is the month of Mental Health Awareness. For those who have gone to college, the purpose of dedicating a month to this nationwide issue would be incomplete without acknowledging that 90% of student loan borrowers have experienced “significant anxiety” due to their debt burden. A recent survey by Student Loan Planner also showed that, 

  • 53% of student loan borrowers have experienced depression because of their student debt, and 
  • One in 15 borrowers has even contemplated suicide due to student debt. 

College education helps us on the path to financial freedom but as the cost of this education continues to escalate, it is becoming a financial trap for many mired in student debt. Students are forced to borrow without having complete knowledge about the future implications of the stress that debt will bring to their life. It begs the question, why are we subjecting students to the financial burden of student debt when they should be more focused on academic excellence and launching their careers in the most optimal way possible? 

In the spirit of Mental Health Awareness month, let us now discuss how to first avoid student debt and when applicable manage it to mitigate the stresses that come from it. 

Financial Literacy

It would be ideal if high schools and colleges offered practical financial literacy training focused on managing finances, saving, investing, and other concepts that are crucial to success in career and life.  Here are some resources that we can recommend that will help you become more knowledgeable about basic financial concepts and terms with the hope of encouraging responsible financial behavior leading to improved economic and mental health outcomes. 


Whether you are in high school, attending college, or already in the workforce, research or doing your homework (pun intended 😉) plays a crucial role in avoiding mental health problems. Knowledge is empowering!  It fosters logical thinking, planning, and prudent decision-making.


Academic and financial pressure is bound to get students stressed out. Simple things like indulging in a good diet, exercising or playing a sport you enjoy, and taking some time out for your hobbies can go a long way towards relieving stress. Consider practicing yoga or pursuing meditation and other forms of spirituality to clear your mind and stay away from negativity. Indulging in self-care can also boost your energy levels making it easier to complete assignments, quizzes, job responsibilities, etc. 

Ask For HELP

There might be moments when you feel stressed out due to financial pressure and other negative factors.  During such times, seek guidance. You can get access to professional help on mental health-related issues. Click here to view a few of them. You can also reach out to us for financial tips, career guidance, or how to best manage student debt. 

Family & Friends

Finally, don’t forget about family and friends who can be a wonderful support system throughout your life. Make sure to share your difficulties with them and talk about your emotions around the challenges you might be going through. They may or may not offer the right solutions but just sharing with your loved ones can go a long way to relieving stress and anxiety.