Respuesta :
Student loan debt is the debt owed by the students to a financial institution. The person has to choose public transportation over a personal vehicle as they cannot afford a downpayment.
What is the impact of the student loan?
Students loan are the debt that is incurred by the students for educational purposes and affects the quality of the life of a person as they need to save money to pay the debt.
The student owing money cannot afford to buy their vehicle because of the downpayment and will choose to use public transportation over buying a car to save money.
Therefore, high student loans will lead to the use of public transportation instead of buying cars.
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