Worries about student-loan debt undercutting homeownership

Nearly half of those with student loan debt — 49% of them, to be exact — say that the debt they accrued to pay for their studies is now an obstacle to buying a home, according to a new survey from NeighborWorks America.

In fact, 17% of those with debt from student loans said that it’s their biggest obstacle to buying a home, while 14% said the lack of a down payment is the biggest hurdle. The ability to afford a preferred neighborhood stymied 13%, and 11% cited the lack of job security as the biggest obstacles to purchasing a home of their own. NeighborWorks America is national, nonprofit, affordable housing and community development organization.

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