Student Loan Planner surveyed 829 people, which revealed shocking data about debt load, student loan depression, and suicide.
As debt loads increase, so does the borrower's likelihood of suicidal thoughts, the study stated.
Researchers found 1 in 9 borrowers who owe $80,000 to $150,000 contemplated suicide because of their debt.
"The feeling of hopelessness gets you into a place where you feel like you can't recover," said Motlagh, a clinical psychologist with $300,000 in student loans.The survey notes that borrowers with debt loads between $80k to $240k have the most suicidal thoughts.
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7 comments:
Do the people who borrow these huge sums ever think about how long it will take to pay it back and what kind of job they MUST have to do it?
But the universities don't care. They got their money.
Kinda shows you that these kids should not have gone to college in the first place - they couldn't even choose a major with a financial future!
Remember when Obama campaigned on free college then more affordable college? How did that work out ? 2500 dollar tax credit that translates to about 470 cash dollars.
So I guess these college students that have debt with their student loans will never buy a house. Then they'll have suicidal thoughts about paying their mortgage.
LOL, What's going to happen when they buy a House?
That's a 30 year debt. Kids are amazing today.
And your elected officials made this one of the only forms of debt you can't erase in bankruptcy. Go figure.
They cannot handle the student debt because it came too easy for them. Most cases or what I have observed are taken care of by parents doing the paperwork for the loan. Students were too busy drinking Starbucks and buying 1,000 Apple phones. Now reality has set in and all they can do is cry that they can't pay it back. Suggest a payment with your bank.
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