Student Loan Debt is Creating a Physical and Mental Health Crisis for Millions of Americans
Law & Policy InsightsEducationMechanisms for Advancing Health EquityMental Health and Well-BeingNearly 43 million Americans owe a combined $1.57 trillion in federal student loan debt, with Black borrowers holding 186 percent more debt per capita than White borrowers. Poor health outcomes, including high blood pressure and high rates of anxiety and depression, are associated with accumulating student loan debt. In response to the economic burdens of the pandemic, the Biden administration has paused student loan payment requirements several times, yet failure to address the debilitating effects of student loan debt has many calling on lawmakers to undertake education reform, including “forgiving” student loan debt.