"The weight of student loans is a cloud that weighs over every financial decision, from your daily coffee to your big life decisions," says Braxton Brewington, press secretary for The Debt Collective, a union organization that represents student debt holders."So many people say they would start a business if they did not have student debt. So many people delay getting married because they don't want their partner to take on the debt.
This dynamic in which student loan borrowers can't save for the future, or for emergencies, makes for a less stable society, says Smith.
Not going to college had also caused some people to delay key life milestones.
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