MFI-Miami Blog

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 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. Read more at MFI-Miami

Millennials Are Leaving The US In Droves As A Solution For The Student Loan Debt Crisis  Some student-loan borrowers have fled the US as a solution to the student loan debt crisis.  A report on  CNBC  says millennials are fleeing the United States for better job prospects and so creditors can’t pursue them. One borrower told CNBC he relocated to India after failing to find a well-paying job after college. He said found the cost of living much cheaper than in Colorado. He also said his student loan lender couldn’t collect from him. One borrower who fled to Japan told CNBC she worked multiple jobs to pay off her loans but still could not afford health insurance: I wish I could come back to America and not be scared. There is no data surrounding the number of borrowers who fleeing the US to avoid paying off their student loans. However, there are dozens of social media sites of people who have fled the US over the student-debt crisis. Read more at MFI-M...

Student Loan Debt Alert: US Treasury Collected $6.2 Billion In Student Loan Debt In 18 Months MFI-Miami has issued this student loan debt alert because your Uncle Sam is calling in your student loan debt. The Trump administration is doing everything in its power to collect from you. It is unknown if Trump plans on calling in the fat guys in tracksuits from the Bronx. The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year. The government has collected on average about $1,000 from 2.9 million former students according to the  Treasury Department . The US Treasury is expected to collect $3.3 billion for the first half of the fiscal year of 2019. The federal government fiscal year runs from October 1st through September 30th. Read more at MFI-Miami