440,000- That’s how many home sales will not happen this year because of high levels of student loan debt, according to a report from John Burns Consulting, an Irvine-based firm that advises home builders. That’s equal to about 8% of all home sales, and enough to dent the housing industry by $83 billion a year.
It was a big year for Student Debt Crisis. As an advocacy group, we were beyond thrilled by the surge in exposure of the student debt crisis. We have had many successes this year, and we could not have done it without your support! Here is a recap of our favorite highlights from 2014.
The CFPB created a sample letter to send to your lender or servicer- potentially lowering your monthly student loan payments. At the very least, it will provide you with tons of useful information about your loan terms that lenders and servicers often try to hide. We’ve created an easy one-click generated email, so that you can contact them in 30 seconds!
Student Debt Crisis spoke with NBC News about the growing amount of U.S. singles. With student loan debt climbing, it is no surprise that borrowers’ lives are being negatively affected. From purchasing homes and cars, to starting a family, student debt is holding Americans back in more ways than you would expect!
Latest Articles on The Student Debt Crisis
Straight from those whose lives have been affected by the weight of student debt.
For those who don’t want to take action, go ahead. Go right ahead… In my opinion, I’d much rather find a way to ease the debt or die trying then to live life everyday knowing that I’ll keep owing money to a corrupt state of affairs.Drew
I graduated in 2007 with $108,000 and today it has ballooned to $145,00 (50k is federal, 95k is private). Over the past 7 years I have paid over $40,000 towards these loans with none of it touching the principal.Jennifer
I owed about 40k in student loans about half private half federal. Due to times of unemployment or underemployment I now owe about 50k. I have had times of making serious payments, but it never got me ahead of any of it.Alexander