Tackling student loan debt

Published: Jan. 29, 2019 at 5:23 PM CST
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According to the Federal Reserve, America's student loan debt totals more than 1.5 trillion dollars.

The Fed also says student loan debt is one reason why so many Americans can't afford a home today.

James Herbert from First Republic Bank joined us on First News at Four to share more survey results and help those with student loans figure out some options.

According to a new survey commissioned by First Republic Bank of 2,000 Americans with student loans, 74% of respondents agree their student loan debt is depressing.

Fifty-one percent say the emotion most strongly associated with making their monthly student loan payment is frustration. Forty-three percent believe having student loan debt can impact their opportunities to enter a serious romantic relationship.

Another 43% would give up all streaming services with their favorite shows, and 20% would forfeit the right to vote.