Items Tagged with 'student debt'

ARTICLES

  • Warren's student debt-forgiveness plan could save homebuyers money and time

    Senator wants to eliminate up to $50,000 worth of student loan debt for the average American
    A new proposal introduced by Sen. Elizabeth Warren, D-MA, could eliminate up to $50,000 worth of student loan debt for the average American. Under Warren's proposal, the typical aspiring first-time homebuyer burdened with student debt could save for a down payment in just nine years, according to Redfin.
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  • Can Millennials afford to live here?

    Affordability is shrinking for young adults entering housing market
    Millennials, a generation that has racked up at least $1.3 trillion of student loan debt, are now projected to dominate the real estate market in upcoming years. But are these young adults able to afford housing while grappling with debt? Well, the latest data from Redfin shows dwindling affordability prospects.
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  • Federal Reserve says student debt has hampered housing market

    Links rise in debt to drop in homeownership and urban exodus among younger set
    Student debt has impacted the housing decisions of young Americans, the Federal Reserve said, delaying homeownership and prompting a significant number of college grads to move away from rural areas. Researchers estimated that 400,000 borrowers who could have purchased a house didn’t because of their debt.
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  • From HW Magazine

    Outside the classroom

    Teaching Millennials that student loan debt doesn't have to delay the American Dream
    The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.
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  • LendingTree acquires Student Loan Hero

    LendingTree plans to increase its presence in the student loan space
    LendingTree closed on the acquisition of Student Loan Hero, a personal finance website that helps borrowers manage their student debt. Student Loan Hero is led by CEO Andrew Josuweit, who founded the company in 2012 to help manage the nation’s immense student debt burden.
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  • Fifth Third Bank app combats student debt

    Customers paid off $1 million in student debt by rounding up debit card purchases
    The weight of student debt can often be paralyzing, however, an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.
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  • Want to save up for a home? Say goodbye to 54% of your income for 6 years

    It will take the average renter 6 years saving 20% of their income to afford a 20% down payment
    According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter's income and home prices on the rise, the dream of homeownership is becoming more and more distant for U.S. renters.
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  • Here are 5 reasons the Millennial homeownership rate is low

    Urban Institute breaks down the data
    For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
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  • Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

    Plus what to expect in world economy’s most important week
    HUD released a plan in April that HUD Secretary Ben Carson says will push millions of low-income households toward self-sufficiency. Now, he could be pulling back from that proposed plan. Also, here’s everything you need to know about the most important week of the year for the world economy.
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  • Student debt crisis deepens as Gen Z enters college

    Nearly 40% unsure if they can pay back debt
    As the oldest members of Generation Z turn 23 this year, they are now fully into or even past their college years, but the bad news is the student debt crisis is only continuing to worsen. A new study from LendEDU found Gen Z may be less than prepared to deal with their debt after graduation.
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