Which of the following is NOT a common effect of student loans on financial health?

Student loans are known to have several impacts on an individual's financial health, including increasing overall debt, affecting credit scores, and limiting investment ability. However, encouraging saving habits is not a common effect associated with student loans.

When individuals accumulate student loans, they often find themselves burdened with debt that can lead to financial strain. This burden typically makes it more challenging to save money for the future because a significant portion of their income may be directed toward loan repayments. With less disposable income, individuals may prioritize immediate expenses over savings, which can discourage the development of strong saving habits.

In contrast, the other options represent direct consequences of taking on student loan debt, such as the total debt increasing, potential negative impacts on credit scores due to missed payments, and limitations on investment opportunities because of reduced cash flow. These factors highlight the financial pressures that debt can exert on a person's overall financial health, whereas student loans are not known to encourage a saving mentality.