Nearly 1 in 5 student loan borrowers keep their balance a secret from their partner

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Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their debt balance from their partner, according to a recent report.

Shame, guilt, depression and anxiety swirling the topic of student debt can lead people to keep secrets, therapists say.

"In our society, we collectively acknowledge the price tag and benefits of higher education, and it is also considered shameful to have debt," said, a clinical psychologist and certified financial therapist in East Point, Georgia."This creates complex emotions for graduates who celebrate their success, while silently worrying over their loans."Feeling out of the loop? We'll catch you up on the Chicago news you need to know.

"This wasn't you going on an ill-advised spree with a credit card — you were funding your education," Wood said."By dealing with the debt — and being open about it — you're taking responsibility. These aren't red flags." When you feel ready to open up about your loans, be thoughtful about timing and location, Williams said. Picking a calm, quiet space when you are both able to focus is ideal, she said.

 

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