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College-Related Debt Takes A Heavy Toll On Graduates

August 7, 2014: 12:00 AM EST
Debt-ridden college graduates are much less likely to live happy financial and physical lives, according to a Gallup study. Gallup noted that debt-free students were only slightly more likely than indebted graduates to thrive socially, but were much more likely to thrive in four other elements of well-being, including purpose, financially, community and physically. Graduates who were the deepest in debt -- $50,000 or more – were far less likely to thrive than graduates who took out no loans, by 15 percentage points in financial well-being and 10 points in physical well-being.
Andrew Dugan et al, "Student Debt Linked to Worse Health and Less Wealth", Report, Gallup, August 07, 2014, © Gallup, Inc.
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