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Student Loans affecting Americans availability to purchase a home

51% of non-homeowners with student loan debt say their debt is delaying them from purchasing a home, NAR’s report found. When asked why student loan debt would keep them from purchasing a home, 47% said it was because they couldn’t save for a downpayment, and 45% said they didn’t think they could qualify for a mortgage due to their debt-to-income ratio.Additionally, 78% of student loan holders said that when they entered college, they didn’t have a strong understanding of what their earning potential could be post-graduation, the report says. 

But whether or not they knew what they were getting themselves into when they took the debt on, many say that student debt has had far-reaching consequences on their lives.

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