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No, thats just an anti education campaign launched by the russians and their fox news helpers.
Stevens Point, WI
Not in my market.
Stevens Point, WI
I have not. I'm working with two young, educated couples who have 0 school debt. Paid for with scholarships and some parental help.
I work in a vacation home area, so it has not reached my town yet. I do wonder what will happen 10 years from now to all the vacation areas?
Yes, and I have done short sales in the last five years where student loans debt went from deferred to active where FHA was not using them in ratios then.
Young people are certainly taking on a lot of debt to get a 4 year degree these days. I do believe it will delay (in years) people from purchasing until they are secure in their career. I have also noticed that 1st time buyers are not as young as they have been in the past.
I have clients who are qualified for a loan, but they decided to continue renting until their student loans are paid off.
They're renting for $1,500/mo. and paying $4,000/mo. toward their student loans.
This could prompt a whole new discussion about student loans, but I'll leave it at that.
I haven't seen this a lot, recently. A lot of times it does become a concern when parents are looking to refi and have co-signed the debt. If their student has not started to carry the debt on their own and cash flow is low (presumably from putting their kid through school the last 4+ years) it can get tricky. I know that we will qualify clients based off of an income-based repayment plan - I think it's pretty typical with all lenders.
I recently heard Clark Howard on WSB Radio in Atlanta say that there are resources on his website for students and their parents as to how to minimize student debt. His website is www. ClarkHoward.com.
I have not seen it with my clients.
Victoria Frieberg well, this is surely a concern!
I have not. Actually those that have gone through college seem to have a more grounded job than others.