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Study loan : Is Student Debt Prolonging the Recession?

And if you or somebody you know is struggling with student debt, remember that there are programs that can help, especially with your Study loan. We cover programs like Income-Based Repayment and Public Service Loan Forgiveness in depth in our free student debt relief webinars. <br>http://www.avanse.com/avanse-education-loans/

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Study loan : Is Student Debt Prolonging the Recession?

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  1. Study loan

  2. Is Student Debt Prolonging the Recession?

  3. Numerous people have proposed that forgiving student loan debt would act as a fiscal stimulus, and a SignOn.org petition created by Robert Applebaum of ForgiveStudentLoanDebt.com is available to sign if you agree and are interested in sending that message to President Obama and Congress. But there is also an argument that the nearly $1 trillion in student loan debt is slowing down economic recovery, primarily by constricting the still struggling housing market.

  4. According to Reich, purchases of new homes are down 77 percent from their 2005 peak, overall home sales are still dropping, and prices are still falling. And at the same time, [y]oung couples are no longer buying homes; they're renting because they're not confident they can get or hold jobs that will reliably allow them to pay a mortgage. Middle-aged couples are underwater or unable to sell their homes at prices that allow them to recover their initial investments. They can't relocate to find employment. They can't retire. The negative wealth effect of home values, combined with declining wages, makes it highly unlikely the US will enjoy a robust recovery any time soon."

  5. There's no doubt that young people are not buying homes in the numbers they used to. As Bloomberg Businessweek noted in a recent article, only 9 percent of 29- to 34-year-olds got a first-time mortgage from 2009 to 2011 (compared with 17 percent 10 years earlier) and 25- to 34-year-olds made up only 27 percent of all home buyers in 2011, the lowest share in the past decade. But according to the article, it's not just the precarious job market that is deterring young couples from buying homes. Student debt is preventing many young people from qualifying for mortgages even if they have jobs.

  6. And if you or somebody you know is struggling with student debt, remember that there are programs that can help, especially with your Study loan. We cover programs like Income-Based Repayment and Public Service Loan Forgiveness in depth in our free student debt relief webinars. We'll also keep you updated on new developments such as President Obama's recent initiatives through this blog, on Twitter, and via Facebook. Source: http://bit.ly/1R988oX

  7. Follow us on https://www.facebook.com/AvanseEducationLoan https://www.linkedin.com/company/avanse-financial-services https://twitter.com/avanseeduloan https://plus.google.com/+AvanseFinancialServicesLtdMumbai https://www.youtube.com/channel/UCcsuUx1EH1C08XmX2embpug

  8. Read more on Education Loans : http://www.avanse.com/avanse-education-loans/ • Thank You..!!!

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