Articles on Student Debt

Student Loan Debt Crisis Dampening Homeownership

Student Debt Loan Crisis  and HomeownershipOne of the most recognized rites of passage for adults in the Western world is financial independence. For some, that may come in the glorious form of the first paycheck or opening a bank account and setting up a direct deposit. For millions of Americans however, their first taste of financial independence will appear in the nightmares of their first student loan payment. According to recent reports, student loan debt in the United States is rapidly approaching $1 trillion, or greater than all other types of household debts. In regards to the Manhattan real estate market, more college and university graduates are now either moving back home or putting down a security deposit instead of a down payment.