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.

"Before we can attract jobs and investment, we need to fix our housing and transportation issues."

When choosing how to spend your time, the constraint on information is tight and you can’t minimize your losses, so I am sorry to inform you but you’re a gambler.