Some U.S. states are trying to tempt young professionals to set up home there by offering to pay off their student debts in exchange for buying their first properties there. The recently launched “SmartBuy” programs in the states of Illinois and Maryland offer to pay off the student loan debts of young adults who obtain
Another Look at Homeownership with Student Debt
February 19, 2020 by
The situation still isn’t ideal (and probably never will be) but now is a good time for people burdened with student debt to take another look at the possibility of homeownership. Not that there are a bunch of eager sellers looking to sell because there are not. There are reports that as the spring buying
Student Debt Continues to Hold Back Home Buyers
June 26, 2014 by
Earlier this year levels of home ownership amongst Americans under the age of thirty five hit the lowest levels on record. At the same time levels of student debt reached a new high. Not surprisingly policymakers and economists have debated whether the two are related and are concerned high levels of student debt could be
Not Buying a Home with $200,000 in Student Loans
December 17, 2013 by
Shane McClelland is a 27 year old divorce attorney in Columbus, Ohio. He graduated from law school two years ago and set up his own law practice. He considers himself among the lucky Millennials because he can afford to rent an apartment instead of having to live with his parents well into his 20s as
