Student Loan Debt
By Ryan Casey Stephens, FPQP®Special Contributor Fulfilling a promise made on the campaign trail, President Joe Biden announced his plan to cancel some student loan debt for qualifying borrowers today. According to the White House, those who make less than $125,000 a year ($250,000 for a married couple) can seek cancellation for $10,000 in debt,…
Read MoreIn Texas, the average debt is $26,292 and 56 percent of residents hold student loan debt. But one company found a way to make it go away faster. In 1995, about a quarter of adults aged 20-29 had student loan debt. In 2016, it had increased to 47 percent. The percentage who had less than…
Read MoreThe economic recession of 2007-2009 affected most Americans in depressingly real and tangible ways. Two groups of Americans are disproportionately affected, still, by the downturn. A new study by Apartment List shows that the economic downturn had the greatest impact on homeownership among minorities and young Americans aged 18-45, particularly those in the 35-44 age range. Analysts at Apartment List,…
Read MoreLong ago I was told that it’s more lucrative to be paid to think than to do. Turns out that piece of advice is true on many levels that intersect with homeownership. Several years ago, the Federal Reserve Bank of New York released data that seemed to say that student loan debt was dragging down…
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