Recently, the\u00a0Institute for College Access and Success<\/a>\u00a0studied the states where average student loan debt is most, revealing that\u00a0New Hampshire has the highest average student loan debt, immediately followed by\u00a0Pennsylvania and Connecticut.<\/p>\n Utah was the state with the lowest average student debt, with state graduates owing $19,975. It’s the only U.S. state that\u2019s average student debt was just under $20,000.<\/p>\n Click here to see the interactive map of how much is student debt by state. (V\u00eda The Institute for College Access and Success)<\/p><\/div>\n [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3,4,5,6″ ihc_mb_template=”3″ ]<\/p>\n There\u2019s a proven link between decreasing homeownership among millennials and high student loan debt.<\/p>\n Substantial student loan debt has forced many\u00a0American millennials\u00a0to shift their financial priorities, especially that of buying a home.<\/p>\n A\u00a0January 2019 study by\u00a0<\/a>the Federal Reserve Bank of New York found that homeownership rates for people ages 24 to 32 decreased by almost 9 percentage points, and that\u2019s because young Americans are seeing themselves pay an average monthly student loan payment of over $350.<\/p>\n The staggering amount of student loan debt could purchase the equivalent of 5-6 million typical American homes, according to reporting from\u00a0Sarah Friedmann in The Daily Beast<\/a>.<\/p>\n A September 2017 survey from the National Association of REALTORS\u00ae (NAR)<\/a> found that over 80% of millennials who haven\u2019t purchased a home\u00a0cited their student loans\u00a0as contributing to their inability to become a homeowner, while an\u00a0Apartment List study of 6,400 millennial renters<\/a>\u00a0found that \u201cthose with student loan debt will be significantly delayed in their ability to purchase a home.\u201d<\/p>\n What’s even worst of this situation is the lack of information many students are facing.<\/p>\n According to a new study from Lendkey Technologies<\/a>, a digital lending partner to hundreds of credit unions and banks, nearly half of borrowers surveyed had no idea what their debt obligations will be once they graduate.<\/p>\n After surveying 2,390 Americans online over the age of 18 who took out student loans from public and\/or private lenders during March of 2019, the poll found that 49% of borrowers do not fully understanding the financial burden that awaits them after graduation, as well as what their monthly minimum payment would be once they exit school. Only a small 10% of 18-34 year-olds expressed to know what their exact payment amount would be after graduation.<\/p>\n Student borrowers need better financial advice. The Lendkey survey found that just 22% of them say their academic institutions offered them a range of lender options through the school or outside lenders, while over half of students blamed their college or university for failing to provide them with \u201csufficient\u201d information about the debt they were taking on. Furthermore, more than 40% of students say they were only given a single option.<\/p>\n USA Today\u2019s\u00a0Susan Tompor reported on March 14\u00a0<\/a>that millennials are \u201cso buried in debt that they can\u2019t buy into the American dream of owning a home.\u201d<\/p>\n Most financial experts agree that the American student loan crisis is a significant problem \u2014 one that\u2019s best fixed with a multi-pronged approach to ensure that millennials have a financially-secure future that can include homeownership, if desired, however, that truth remains being that The American Dream<\/em> is hard to achieve without thinking about debt.<\/p>\n Click here to see the statistics<\/a> of credit card and household debt in the United States v\u00eda Student Loan Hero<\/a>.<\/p>\n [\/ihc-hide-content]<\/p>\n","protected":false},"excerpt":{"rendered":" Student loan\u00a0debt is accelerating so fast that it has become […]<\/p>\n","protected":false},"author":15,"featured_media":21171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44,1337],"tags":[2622,99,1385,1388,1448,1547,2031,2030,370,498,2623],"class_list":["post-21168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneur","category-primezone","tag-average-student-debt","tag-ceo","tag-ceo-northam","tag-college-majors","tag-debt","tag-family","tag-financial","tag-lenders","tag-student-debt","tag-students","tag-us-student-loan-debt"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=21168"}],"version-history":[{"count":4,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21168\/revisions"}],"predecessor-version":[{"id":23549,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/21168\/revisions\/23549"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/21171"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=21168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=21168"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=21168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/www.ceo-na.com\/wp-content\/uploads\/2019\/04\/Captura-de-pantalla-2019-04-26-a-las-11.59.48.png\")
<\/a>Student debt kills the dream of owning a home<\/h1>\n
Lacking basic information<\/h1>\n
![\"\"](\"http:\/\/www.ceo-na.com\/wp-content\/uploads\/2019\/04\/p-1024x520.jpg\")
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