Fed Says Student Debt Has Hurt the U.S. Housing Market

Source: News Formal (newsformal.com)

millenials and parents are using the free Givling app to pay off studentloans. It has paid out 2.3 Million already! Use Givlingcode KG980970 to start playing

How much of total student loan debt is gov guaranteed? EconTalker would love to hear an pcast on this issue, or get your thoughts...If gov gets out of the SL biz, wouldn’t lenders have stricter undrwrting standards, including approvals based on majors aligned w. Mkt demand

May be a contributing factor to Millennials not embracing home ownership.

My daughter is $100,00 in debt due to grad school loans. She works with children with autism and gets hit, kicked and bit on a regular basis. She and so many others are not making Wall Street salaries. It’s a shame. She and her husband can not afford a starter house in Chicago

Rural areas are cheaper to live

That’s not a like. That’s a tragedy recognition.

Why vote for a tax cut your kids are already paying for and you don't see a dime of In this next election I hope the sheep wake up!!

Back around the time of MLK the US government tragically abandoned the people for corporate globalism. They feared the more educated youth and minorities the schools had produced after Sputnik, because those kids adamantly disagreed with a lot of their parents policies.

duh.

Home equity and student loans were devices created by the plutocracy to mask the looting of the middle class; robbing them of a fair share of increasing GDP and putting them deeper and deeper into debtors servitude.

Exactly why I didn’t move back to my rural hometown area after graduating.

Boo hoo! It’s called the real world snowflakes. Get a job and pay off your college debt like the rest of us and you simply do without until that debt is paid.

The average debt is about the price of a car...they seem to get paid off

True. But look at the house you've pictured. That's NOT a starter home. And therein lies a big problem: Too many young Americans aren't willing to buy a fixer, a duplex, or an older home as their first purchase, and then move up. Real life ain't like TV & the movies.

Yup. Combination of debt and insane housing prices.

That $200k you paid for a Graphics Design B.A means you chose poorly...

Perhaps go farther back than that. Financial ignorance and wanting something they can’t afford. When a local community college would of taught you the same material in most cases. Learning to live within your means is a life lesson best learned in elementary school.

Well the Ultra Fico scoring model should be rolling out this year. There may be hope for those with student loans after all.

America has an affordability problem !!!

HUM! Imagine that!

n they R allowed to vote n can’t figure out $ loaned means $$$ to pay off? Degree is a Degree ... but Marketplace is particular!

Welcome to life kids. You have to pay your loans back. Just like everyone else. Get over it. Get a job. Eat ramen for a few years. Quit your bitching.

Most do not use student loans wisely — it supplements life style for vacations and clothing. Add in a degree in middle age Polish literature does not help either.

And, why parents don't retire.

Maybe majoring in activism is not a marketable skill.

Shocker. You mean that the prohibitive cost of higher education and the payback on such would limit one’s options? Who would have thought?

Did...did they just realize this?

They made that decision so stop acting like it was an accident.

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Also factor in the growing credit card debt.🤷‍♂️

Duh! Another gov’t failure! Parents teach you don’t buy what you can’t afford. Earn a scholarship, find a different school or work for a company that will pay or subsidize tuition. Don’t listen to politicians!!! realDonaldTrump SenSanders AOC

Majoring in a “studies” is not a long term plan to pay for those.

Is it the lenders, (government) who should be villianized? Or the schools who market degrees that aren't going to pay off, and who constantly increase their price?

cosigns every 30something who might not ever own a home...

The burden of student debt is postponing for graduates all of what we did as young people, thereby greatly changing the very fabric of society. Thus has to be reckoned with, and soon.

Did they ever learn the meaning of the word “debt”?

No, educated people don’t wanna live around Trumpers.

Sub to PewDiePie

we can't all have Billionaire parents.

'No one forced them to take out those loans!' - Boomer, who attended college when tuition could be paid for with a summer job.

Student loans are a way for rich people to get richer by lending, at a bizarre rate, money so poor people could have a shot at putting food on the table in a decent way. I truly hope this system collapses.

Its the Fed's debt money that has the whole country in hock up to its ears.

Duh!

That and the financial collapse have pressured rents, and we let illegals in and it makes that worse!

Borrowing money without tangible payback is something parents should teach their children. If it’s a bad deal, consider something different, e.g., trades.

How many of those degrees have any real value?

When you have kids start saving for their college education if you want them to go. Especially if you sent them to free public school.

where are we going... free education.... free houses.... or both... don't answer that...

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