According to Life Delayed, a report issued by American Student Assistance (ASA), The average amount paid for a mortgage, student loans, and credit card debts equals $1,670.12, or 44.2% of the average college graduates take home pay8.2% higher than the maximum debt-to-income ratio required to qualify for a typical home mortgage, and with no room left for an auto loan or any other type of installment loan.
As the typical milestones of adulthood have become more difficult to attain, it has become increasingly more obvious that the United States has a student debt problem.
Kevin Fudge, Director of Consumer Advocacy and Ombudsman at ASA, believes that in order to solve Americans concerns about student debt, we all have to work together to chang…
Read the full article at: https://edtechtimes.com/2017/10/09/how-do-we-solve-a-problem-like-student-debt/