Rising student debt throughout the nation is not only a burden to individuals who are not making the income to pay off the debt. As the cost of college and university rises, student-loan debt is becoming a drag on the housing market. Where students used to get jobs and purchase homes, they are now living with the burden of loan debt.
In the last few years, the tough economy has affected millions of families in Tennessee and all across the country. Although unemployment and other factors have contributed to the economic crisis, some believe a lack of knowledge in financial matters may have also contributed.
Millions of Americans have been affected by the recession and many have lost their home due to foreclosure. Many families have fallen behind on their mortgage payments and before long receive foreclosure notices. It can be a frightening and confusing time, but a new report suggests that there may be a light at the end of the tunnel.