This research investigated the relationship between emotional metrics and student debt, particularly examining racial disparities. The findings showed that frequent happiness (1-3 times weekly) among Black individuals significantly lowered student debt levels. We also find that increasing confidence among Black individuals was associated with lower student debt. Additionally, we find that while individuals who worried about money had more student debt, this did not differ by race. However, Black individuals who worried about future jobs had higher student debt. No associations were observed between other emotional measures like interest, satisfaction, or discouragement about the future and their relationship with student debt. These findings highlight the importance of considering emotions in understanding student debt disparities. Further research is needed to develop interventions promoting financial well-being and addressing racial inequalities in student debt.