It costs more to get a college education than any other time in American history. Unfortunately, that’s forcing students to take out multiple loans to cover their expenses. Bigger loans — and more of them — means it takes the average graduate much longer to pay off their student debt.
And that, sadly, is causing many post-graduate students to postpone their dreams of buying their first home because of student loan obligations.
According to a recent report from the National Association of Realtors, half of U.S.-based non-homeowners — 51% — say student loan debt is causing them to put their home-buying plans on the back burner. In fact,
- 47% think having student loans makes it hard to save for a downpayment
- 45% believe existing debt will…