Debt-free. It’s a dream to many and a reality to very few. So one may wonder — what does it FEEL like to have debt relief, since it’s not something brought up in many social conversations? Evidently, it doesn’t just take a burden off your checkbook. According to a new study done by researchers at the National University of Singapore’s Social Service Research Centre, it clears up cognitive functioning, lessens anxiety, and improves impulse control.
Student loans are a big source of stress to many here in the U.S. As the nation faces $1.5 trillion in outstanding student debt, it affects everything from mental health to dating prospects since credit card debt is often a turn-off for potential mates. To lessen debt stress, it helps to consolidate debt to simplify the pay-off experience, researchers suggested.