54% of Student Loan Borrowers Say Their Mental Health Issues Like Anxiety and Depression Are Directly Related to Their Debt

Nearly two-thirds of those polled can barely afford or can't afford their loan payments at all, with minorities like Black borrowers facing the most debt.

Additionally, over 80% of participants say student loan debt has delayed a major life event for them. These are some of the really important ways loan payments have impacted students' lives:None of the above - 16%Almost 60% of Americans polled aren't happy with their choice of borrowing money to pay for their college education and either regret doing so or doubt it was a good investment.

When reflecting on their higher education choices, many people indicated what they would have done differently if they were given the chance:23% are happy with their choicesAnd maybe borrowers struggle to accept their decisions because more than half of participants who've received a college degree make less money than their friends without degrees.

As a result, there will likely be more career-changers in the future because only 27% of those polled plan to stay in their current industry. "Loan forgiveness, while a great initiative, is really just a Band-Aid — before we dress the wound, we need to stitch it up first," Peskin says.

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