As college tuition costs continue to rise, many students rely on credit cards and loans to finance their education, potentially at the expense of their mental and academic well-being. This study examines the psychological, emotional, and academic outcomes of debt-related financial stress among undergraduate students. Specifically, it explores how financial strain influences anxiety, mood, stress levels, and academic concentration. To investigate these effects, a 25-item survey was distributed via email to currently enrolled Salem College students over 18, with 49 participants voluntarily responding. Given the limited and non-generalizable sample size, descriptive analysis was employed to assess the results. The findings offer critical insights into how debt-related financial strain shapes students' mental health and academic performance, highlighting the challenges they face in balancing educational goals with financial realities. By shedding light on these pressures, the research contributes to ongoing discussions on student financial wellness and the need for support to mitigate the burdens of educational debt.
Ashlyn Wood is graduating as a double major in psychology and business administration with a minor in public health. She is deeply involved on campus, serving as a residential assistant, honor guide, vice president of Morgan’s Message, member of the Campus Activities Board, and vice president of Alpha Lambda Delta. Originally from Kings Mountain, North Carolina, Ashlyn hopes to pursue an MBA after completing her undergraduate studies.