Student Loan Debt Reaches $1 Trillion

Should student loan debt be forgiven?

Indeed, U.S. student-debt outstanding exceeded $1 trillion last year — according to new estimates released by the Consumer Financial Protection Bureau (CFPB) — potentially leading to further delays in home-buying and, in turn, an extended impasse on the housing recovery.

Read: Too Big to Fail: Student debt hits a trillion

Let’s not forget that first-time home-buyers are a substantial part of the housing market, and “instead of saving for a down payment, these borrowers are sending big payments every month!

Excessive student debt could slow the recovery of the housing market, as young people repay money for their education rather than buying homes. Read more at Bloomberg

 
Should student loan debt be forgiven?

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About benvitalis

math grad - Interest: Number theory
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