Study loan : Is Student Debt Prolonging the Recession?

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Study loan
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Is Student Debt Prolonging the Recession?
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• Numerous people have proposed that forgiving
  student loan debt would act as a fiscal stimulus,
  and a SignOn.org petition created by Robert
  Applebaum of ForgiveStudentLoanDebt.com is
  available to sign if you agree and are interested
  in sending that message to President Obama and
  Congress.
• But there is also an argument that the nearly 1
  trillion in student loan debt is slowing down
  economic recovery, primarily by constricting the
  still struggling housing market.

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• According to Reich, purchases of new homes are
  down 77 percent from their 2005 peak, overall
  home sales are still dropping, and prices are
  still falling. And at the same time,
• young couples are no longer buying homes
  they're renting because they're not confident
  they can get or hold jobs that will reliably
  allow them to pay a mortgage.
• Middle-aged couples are underwater or unable to
  sell their homes at prices that allow them to
  recover their initial investments. They can't
  relocate to find employment. They can't retire.
• The negative wealth effect of home values,
  combined with declining wages, makes it highly
  unlikely the US will enjoy a robust recovery any
  time soon."

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• There's no doubt that young people are not buying
  homes in the numbers they used to.
• As Bloomberg Businessweek noted in a recent
  article, only 9 percent of 29- to 34-year-olds
  got a first-time mortgage from 2009 to 2011
  (compared with 17 percent 10 years earlier) and
  25- to 34-year-olds made up only 27 percent of
  all home buyers in 2011, the lowest share in the
  past decade.
• But according to the article, it's not just the
  precarious job market that is deterring young
  couples from buying homes.
• Student debt is preventing many young people from
  qualifying for mortgages even if they have jobs.

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• And if you or somebody you know is struggling
  with student debt, remember that there are
  programs that can help, especially with your
  Study loan.
• We cover programs like Income-Based Repayment and
  Public Service Loan Forgiveness in depth in our
  free student debt relief webinars.
• We'll also keep you updated on new developments
  such as President Obama's recent initiatives
  through this blog, on Twitter, and via Facebook.
• Source http//bit.ly/1R988oX

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