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How to Deal With the Emotional Stress of Student Loans

Summer is upon us, which means there’s a new group of college graduates who are about to get whacked over the head with the emotional stress of student loans. Recent reports have already noted how the class of 2016 is staring at an average of $37,000 of student loan debt.

*This post has been written by Amanda Abella – a fabulous writer, speaker, and financial coach!*

How to Deal With the Emotional Stress of Student Loans

Recent grads aren’t the only ones who deal with the stress of student loans. You could be long out of college and still wondering how on earth you’re going to get rid of them so you can finally meet your financial goals. This can cause a lot of emotional turmoil over time, which gets in the way of creating a plan to pay them down. That’s why it’s so important to know how to deal with the emotional stress of student loans.

1) Practice gratitude for your education.

It’s no secret that student loan debt is a problem in the U.S., but for many people they were just a means to an end. In some ways, we should be grateful that student loans exist because if it wasn’t for them, many people wouldn’t be able to go to college period.

Would you have really opted not getting an education in an effort to avoid student loans? Probably not. Because if you think you’re not making enough money while holding a degree, try not having a degree. Wages may not have gone up in some time, which is a whole other issue all together, but we know that individuals with degrees make far more money than people without them.

stress of student loans2) Realize that you have options.

There are actually a lot of options out there to help you deal with the stress of student loans, its just that most people don’t know about them. For example, do you have federal loans? You have some options for repayment, refinancing and even forgiveness that individuals with private loans do not – it’s simply a matter of doing the research to find out whether or not you qualify.

You also now have alternative means of consolidating and refinancing that weren’t around just a few short years ago. Again, it’s just a matter of doing the research.

And finally, you always have the option to make extra money. Take on those extra hours, get a part-time job or start a business.

The point here is that you actually have options and choices available to you. When people find out about this, some of the stress of student loans dissipates because they realize that they they’re not as disempowered as they once thought.

3) Find Support.

If you’re struggling with the stress of student loans, it’s very easy to feel like you may be the only one. You may also feel behind financially because you have the debt in your way. This is where it becomes incredibly helpful to find some emotional support.

There are lots of non-profits, blogs and Facebook groups that are holding the space for individuals with student loan debt to support each other on their journey. Sometimes simply realizing that you’re not the only one can work miracles.

Final Thoughts

Student loans are a problem nationwide and it’s causing a lot of stress for borrowers. Even though any widespread solution may be slow moving, there are options available that you can use to help you deal with the stress of student loans.

Battle of the Mind Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. It is so vital to remember that I would not have chosen to not go to school. The debt got me so much and definitely helped shape me into the person I am glad to be today.

    • Debt can be super stressful, especially when you don’t have anything to physically show for it! It kills me to see all the distress in America’s young adults today.

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