This piece was originally published at CNBC.

Student loan debt has become a major barrier to home ownership in America.

Some 45 million people in the United States carry student debt. The average borrower owes more than $30,000, according to Student Loan Hero, a website for managing education debt. Almost a fifth owe more than $100,000, according to the National Association of Realtors.

People’s monthly student loan payments can eat up a large slice of their income, threaten to push down their credit scores and make saving nearly impossible — all huge impediments, of course, to landing in a house.

For every 10 percent in student loan debt a person holds, their chance of home ownership drops between 1 and 2 percentage points during their first five years after school, according to the Federal Reserve.

More than 80 percent of people ages 22 to 35 with student debt who haven’t bought a house yet blame their educational loans, according to the National Association of Realtors.

“Student loan debt holders do want to own a home, that’s part of their American dream,” said Jessica Lautz, managing director of survey research at the National Association of Realtors. “It’s just really hard to get there right now.”…

Read the entire piece at CNBC…

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