Year of Publication



Martin School of Public Policy and Administration

Date Available


Degree Name

Master of Public Financial Management

Committee Chair

Rhonda Trautman

Executive Summary

This capstone paper explores the long-term economic implications of student loan debt on individuals and society and identifies potential strategies that can be implemented to alleviate the burden. Student loan debt has become a significant issue globally, affecting individuals of all backgrounds and having far-reaching consequences for both individuals and the broader economy. The analysis reveals that the long-term economic implications of student loan debt on individuals are multifaceted. High levels of debt can hinder financial stability and economic mobility, as borrowers struggle to save, invest, and participate in the broader economy. The burden of student loan debt can delay major life milestones such as homeownership, marriage, and starting a family. It also contributes to mental health issues, as the stress and anxiety associated with debt take a toll on individuals' overall well-being. Furthermore, student loan debt has broader societal implications. The burden of debt can limit career choices and entrepreneurship, impacting innovation and economic growth. Additionally, student loan debt exacerbates socioeconomic inequalities by disproportionately affecting low-income and marginalized communities, perpetuating cycles of poverty. To address these long-term economic implications, several potential strategies can be implemented to alleviate the burden of student loan debt. These include loan refinancing and consolidation to reduce interest rates, income-based repayment plans, targeted grants, and debt forgiveness programs. It is important to note that each of these solutions requires a combination of government and private initiatives that work together to create long-term, sustainable solutions.



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