Student loan debt has made it difficult for many young Americans to enter the housing market. A recent survey from the National Association of Realtors found that 71% of student loan borrowers cited their student loan burden as a reason to delay buying a home.
The student loan plight may be a major factor in the housing market struggling to gain momentum, and these loans certainly affect the debtors directly. Jocelyn Paonita, Founder of The Scholarship System, describes the issue this way: “College debt has such a crippling impact for the rest of someone’s life because you’re not able to take advantage of opportunities right from the beginning.”
Home mortgage backer Fannie Mae recently announced new rules that may help …
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