Total Student Loan Debt Could Buy Every House on the Market Twice Over

Total Student Loan Debt Of $1.5 Trillion Is So High It Could Buy Every House on The U.S. Market Twice Over


Total Student Loan Debt
Total student loan debt in the United States has reached $1.5 trillion. It’s now at a new all-time high according to a new study by realtor.com.  That has realtors and housing experts concerned. Real estate agents across the US keep asking what does that mean for the housing market?
$1.5 trillion sounds like a lot. However, how much is it really when you break it down? Divided out, the average student loan borrower owes about $34,500, that’s $8,500 more than the typical down payment of $26,000. This is an average of 10% of the median home price of $260,000.
$1.5 trillion is enough to buy every single home on the market in the United States twice over.

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