I knew this topic would start impacting the economy so finally not are there only small out of the way articles that are talking about student debts impact on the economy, but now headlines are appearing in the LA Times, Wall Street Journal, and NY Times to name a few of the large main stream publishers that are sounding the trumpet. They are now sending out the word that student loans can crash the real estate market recovery and in turn, will crash the economy in general.
414,000 homes may not be sold or to put it another way $83,000,000,000.00 will not be put into the Real Estate market that eventually filters into our overall economy.
These two articles will give you two sides of the story one from the economists side and one from an individual student
Student loan debt curbs housing market by $83 billion, study says
http://goo.gl/hdlznr
Student debt holds back many would-be home buyers
http://goo.gl/qZ03Hk
Last time I will say this, I promise .... We need to get student loans out of the debt to loan ration so banks can make loans to these students and student debt should be allowed to be deferred for up to 10 years with no penalties and no increased interest rates. This will put them in a better position to pay back the loans without having it cripple there economic lives when just starting out.
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