The heavy burden of student loan debt is affecting more than just millions of pocketbooks nationwide.
According to a Gallup poll released Aug. 7, high student debt is also linked to poor health. According to the poll, having student loan debt will likely impact the ranking of physical well-being negatively by 10 percentage points. According to Gallup, those with $50,000 or more in student debt are “less likely to have a strong sense of purpose and to be thriving in their community well-being.”
Such scary scenarios have led many worried millennials to seek out new ways to unload some of the burden. You've probably heard of “hashtag activism,” but have you heard of “hashtag freeloading?”
In the wake of the über-viral #icebucketchallenge — where everyone from Oprah Winfrey to that kid you haven't spoken to since high school dump a bucket (or bowl, or pitcher, or sometimes even just a cup) of ice water on their head, and then challenge a few more friends to do the same, or else pay $100 to the ALS Association — frustrated college graduates have adpoted a similar tactic to pay off college loans.
[tweet: The #paymystudentloans challenge. I nominate @bill gates….]
The campaign to enlist others to pay off student loan debt has a few major difference from the Ice Bucket Challenge, most notably that the challenger doesn't have to do anything (besides go to college and accrue massive amounts of student loan debt).
Another major difference seems to be that only the notably wealthy are called out. There's no asking a best friend from across the country to burden his or herself with such a challenge, only the rich and famous need apply.
[Slew of tweets calling out famous people]
Of course, while the Ice Bucket Challenge has raised upwards of $40 million, no one seems to take #paymystudentloans seriously.
[Tweet: IF only the #payMyStudentLoans challenge was real! Ha]
JJ Feinauer is a Web producer for Moneywise and Opinion on DeseretNews.com. Email: firstname.lastname@example.org, Twitter: jjfeinauer.
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them
- Today's radiation treatments offer better success, fewer side effects
- Tips to make watching TV on the patio even better
- What really happens when you donate to a community college?
- Sun and skin cancer: Separating fact from fiction
- 5 critical lifestyle changes for a healthy colon