Nearly 1 in 5 student loan borrowers keep their balance a secret from their partner [CNBC]
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NerdWallet, Inc. (NRDS)
Company Research
Source: CNBC
Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their partner, according to a new report from NerdWallet . The personal finance site and The Harris Poll surveyed 2,098 adults in early May. Shame, guilt, depression and anxiety swirling the topic of student debt can lead borrowers to keep the details of their loans secret, therapists say. Yet professionals recommend coming clean as soon as possible to salve your conscience, protect your loved one from financial risk and improve your relationship. “In our society, we collectively acknowledge the price tag and benefits of higher education, and it is also considered shameful to have debt,” said Traci Williams , 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.” Outstanding education debt in the U.S. stands at roughly $1.6 trillion ,
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