Student Loan Debt Holding Back Homeownership Economy

Student Loan Debt Holding Back Homeownership Economy

The burden of student loan debt is preventing potential home buyers from starting households, which in turn is hindering overall economic growth according to Consumer Financial Protection Bureau (CFPB) This burden is growing fast and the issues that flow from it are central to public policy in America. 
The rising cost of tuition is causing higher student loan debt, which is in turn causing more borrowers to default.  Americans are in default on more than $100 billion is student loan balances.  For those who default at a young age, the black mark on their credit report may prevent them from buying a home-and might even keep them from getting a job.

Kim Powell Headshot
Phone: 919-271-5104
Dated: September 30th 2014
Views: 671
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