In this episode, Katrina Cherney discusses her research examining the relationship between student loan debt and subjective well-being over time, and how student loan debt is stratified across the socioeconomic spectrum and compounds inequalities and disparities. She summarizes the history of student loans and their role in financing education, describes the concept of the ‘dual quality of debt’, and considers the implications of the growing student loan debt crisis for social work practice, specifically, and for practice and policy.