The bad news is that student loan delinquencies and defaults exploded after the recession, which is a likely reason why the Fed finds that, on average, young adults who borrow for school have lower credit scores than those who don’t. Bad education debt has created a class of adults who will probably have trouble getting credit for quite some time. And until that changes, they’ll be renters.
via Student debt and homeownership: How bad education loans are holding back housing..
Of course, education is a fundamental right, healthcare is a fundamental right, soon buying a house will be a fundamental right. Amassing large amounts of student debit is also apparently a fundamental right. Soon student loan forgiveness will be a fundamental right.
When will “living happily ever after” be a fundamental right? What can’t government do for me?
Corruption of what used to made us American
