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Comments about ‘Student debt holds back many would-be home buyers’

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Published: Thursday, April 24 2014 9:21 p.m. MDT

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Go Utes!
Springville, UT

I worked as a custodian to pay for school, (I graduate in December) In two weeks I will close on my first home which I plan on keeping as a rental property when my wife and I are finished with it. then we will move on to a duplex, then another duplex and so on until we can have a substantial income coming out of renters every month. I am lucky to have had the opportunity to work my way through school and if i had the chance I would do it no other way; student debt is crippling to students and to the economy as a whole because it does slow down the home buying market. some lucky few (like me) will get to take advantage of the situation but most are victims of the new (and false) dogma that college is so essential that you need to mortgage your whole future to get through it.

Hutterite
American Fork, UT

Get a trade instead of college. And, if you go to college, think of spring break as time you could be working.

Simpe Spectator
St.George, UT

No reason that you can't work and go to school at the same time, thus keeping you out of debt. I know a lot of people at big Universities claim that its impossible to both work and go to school. Athletes put the same amount of time into their respective sports as they could a job. No reason you can't balance both.

BeSmart
Cheyenne, WY

I agree with most of the comments.
I worked 2 jobs and worked hard in school to get scholarships that paid for my school and then some. The jobs I had during my college years helped me enter the job market 20,000 dollars more a year above the typical recent graduate in my field.
I graduated (in 2012) with much more in savings than when I started.
Buckle down work hard and be determined and you can graduate with more savings.
Most of my classmates took out student loans, didn't work, and spent their summers on expensive vacations. That is a waste of their future income.

lost in DC
West Jordan, UT

take the increase in the housing costs of buying over renting and use that to pay down the student debt faster.

Let's see, if she's paying $700/month in student debt and her rent is (guessing, because it was not stated) $1500, her total payment is $2200. Were she to buy, her housing costs would go up to, what, $2500. Take $800 of the extra $1000 (to account for tax benefits of home ownership) she would be paying on the house and pay down the student debt. that would get the SD paid off faster so she could buy a home.

All it takes is a little planning - something missing when she racked up the student debt in the first place.

george of the jungle
goshen, UT

Something is missing. Intelligence. I think that it's a scam. Schools get rich off the Government.

Sven
Morgan, UT

Cry me a river Ms. Luna. You were the one who made the choice to take this loan for your school. Now it's time to pay it back. It appears you cannot afford a home purchase at this time. It's called reality...deal with it!

SCfan
clearfield, UT

It's been a long time since I went to college in California. Starting at the JC level, It cost less than $100 dollars a semester for fees and books. Transfering to the State College system, it probably cost around $500 per semester. Now, it wasn't Harvard, or some other ritzy private school. However, the cost of education for the vast majority should be within reason. Now for my rant. It is the educators. Mostly very liberal, who talk about all this equality stuff, but do you think they want to give students a break? No. They want to make students pay that 40 thousand a year tuition, for an education that really is no better than a typical state run school. In fact I got some of my best legal education from a night class taught by a practicing attorney, not some ivory tower legal scholar (read Obama types). The education monopoly in America needs to be broken up and the billions of dollars in endowments needs to be used to make yearly tuition cheaper. Especially in the schools that charge way too much per year.

My2Cents
Taylorsville, UT

Buyer beware? Children and students are not well informed of the consequences of cost and effect borrowing and its no fault of theirs they were tricked into such large amounts of debt on lies Obama told them.

This plot was developed and designed with specific intentions to bail out Obama's lies and intentional destruction of our constitutional government of the people.

Obama has some hard facts he had to coverup with his treason and terrorism of our economy so it would not have any middle class with the wealth to combat and confront his policies and dictatorship plans. He knew that these students would not have jobs nor be able to buy homes or repay all debts they incurred as uninformed children and parents trusting the tooth fairy and his lies.

We now have 5 or 6 more generations of children who will face the same fact and higher eduction will become a faint memory for them to hope for. The Obama socialist will have to learn to be independent and patriotic to face the fact that cheap labor and undocumented occuaption has robbed them of their lives and future and that people must rule the government.

worf
Mcallen, TX

Would be home buyers are reaching equality, and closes the earning gap. Won't be part of those evil greedy wealthy folks.

May our Obama voters get what they voted for.

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