Chapters
The concept of "good debt" is challenged, particularly focusing on student loans. Many borrowers regret taking out student loans due to high interest rates and long repayment periods, negatively impacting their finances and mental health.
- Almost half of student loan borrowers express regret.
- Student loans often carry high interest rates (5.5% or more) and long repayment periods (10-20 years).
- The average student loan borrower graduates with $40,000 in debt.
- Student loan debt can hinder major life decisions and negatively affect mental well-being.
- Americans owe a staggering $1.75 trillion in student loan debt.
Shownotes Transcript
