On top of these financial implications, there are also the looming mental and psychological effects that debt has on students’ mental health. Many students experience profound stress, anxiety and feelings related to shame when thinking about their financial situations related to school. In a 2021 survey, one in 14 student borrowers said they experienced suicidal ideation because of taxing debt situations.
This is a war; people must recognize that this fight is only winnable as a community. Everybody has a common enemy and we, as citizens, must take the responsibility of the foot soldiers on the front lines.
In his email, Stanley doubled down on his claims that Stony Brook is trapped in a structural deficit, meaning the university is forced to spend more money than it takes in.
College graduates often find themselves moving back home after college, but financial experts are advising them to follow a strict budget to be able to move out faster.
One would think that frugality is something most students pursuing a higher education would be very familiar with. However, from my own personal experiences, I’ve gathered that we are an easily distracted bunch, and this extends to forgetting our burgeoning debts when we find a new video game/dress/car that we have to have.
