Berger and Houle (2016) provide evidence that the greater the amount of debt a parent has, the lower a child's socio-emotional well-being . These results were specific to residential mortgages and student debt (Berger and Houle, 2016). Without laws like the College Cost Reduction and Access Act of 2007, which provide plans like loan forgiveness and income-driven repayment, families would have the added stress of repaying a loan high interest. Parental stress could spill over to children, leading to poor socio-emotional well-being, as Berger and Houle (2016) previously reported.