“As monthly student debt payments increase for college graduates, so does their struggle to qualify for a mortgage
This is what we've been saying for a long time. Those who are contemplating taking on big debt need to consider that once they're working that their low/no-debt colleagues will be moving on with their lives (buying homes, marrying, etc), while those with big debt will be stagnating for 10-20 years.
Until the housing crash, student debt might not have mattered & these folks might have been able to get a mortgage ... that they would not be able to afford.
With so much college debt, some are putting off marriage, kids, houses - that all slows the economy. Four years at college are not going to be "transformative" in the way applicants were thinking if they emmerge paralysed with debt.
