Increasing Student Debt

One of the most concerns of increasing the student loan debt is its effect on other spending activities. Student loan debt resulting in 8 percent decline in home purchases among American whose age between 20 and 39 according to an analysis done by Rick Palacios, he found also that every $250 paid by a household per month for student loan debt, decrease their purchasing power by $44,000. He stated also that about 6 million households are paying more than $250 per month for student loans.