First-time home buyers accounted for only a third of the homes purchased over the last year. The below-average number is thanks in part to American’s growing student loan debt. With high monthly payments and increased credit risk, student loan debt is keeping some first-time home buyers from entering the housing market; a trend that doesn’t appear to be turning around anytime soon. [More]
In case you hadn’t heard, college is like, really really expensive these days. Some students have their parents to help out, and many take out loans (even if they don’t know it). And then there are those willing to go to unconventional lengths to scrape up enough cash to cover the costs of their educations — things liked donating eggs and sperm, connecting with a sugar daddy or turning their bodies over to science.
No more free rides for you, underachievers! A new survey says two-thirds of American parents say they’ll only pony up the cash for their kids’ college education if they can maintain a B average.