Student debt is a significant problem in the United States, with 45 million borrowers collectively owing more than $1.7 trillion in student debt. More and more students are turning to loans to finance their studies. Although they can provide access to higher education, they also have significant consequences on students' mental health and academic performance. This essay will explore the effects of student debt on students' mental health and academic performance, and propose potential solutions to address this growing problem. Say no to plagiarism. Get a custom essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayStudent debt has a significant impact on students' mental health. High levels of student debt can lead to increased levels of stress, anxiety, and depression among borrowers. The constant pressure of having to repay large debts can take a toll on students' mental wellbeing, leading to feelings of hopelessness and hopelessness. Additionally, student debt can also impact students' decision-making abilities and overall cognitive function. People with high debt tend to have lower levels of financial literacy and are more likely to make poor financial decisions. This can further exacerbate feelings of stress and anxiety, leading to a vicious cycle of debt and mental health problems. Student debt can also have a significant impact on students' academic performance. Students who graduate with high debt levels are more likely to drop out or delay graduation due to financial concerns. This can lead to lower educational achievement and employment prospects, further exacerbating the cycle of debt and financial insecurity. Additionally, student debt can also impact students' ability to pursue their desired career path. Many students are forced to take additional jobs or work longer hours to repay their loans, leaving them less time to focus on their studies and career advancement. This can lead to missed opportunities for internships, networking, and other valuable experiences that are essential to succeeding in today's competitive job market. In order to solve the growing problem of student debt, it is essential to implement potential solutions that can help alleviate the problem. burden on students and promote their mental health and academic success. One potential solution would be to increase funding for need-based financial aid and scholarship programs, which could help reduce the need for students to take out loans. Additionally, policymakers can also explore options for loan forgiveness programs or repayment assistance for borrowers who are struggling to repay their loans. This can help ease the financial burden on students and provide them with the support they need to succeed academically and professionally. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay In conclusion, student loan debt has significant consequences on students' mental health and academic performance. It is essential that policy makers, educators and other parties..