Most people would agree that the cost of a college education these days is out of site. I hear parents talking of paying for tuition, books and housing and wonder how they can do it. I even know some that have property on the market to pay for their kid's education.
As dramatic as the impact is, a recent study shines light on another aspect of the issure. It appears that graduates with high levels of debt associated with education are less likely to become home buyers. CLICK HERE to read the article.
There can be little doubt that having a huge student loan debt will negatively affect a persons ability to qualify for a home mortgage. I would not be surprised to see a federal govt. program to adddress this issue in the coming years.