In Bulletin 2017-23, Freddie Mac announced changes to student loans repayment requirements. In their bulletin, they indicated that they believe that the updated requirements for qualifying borrowers with student loan debt support access to credit and provide sellers with a responsible, simplified approach that addresses student loan repayment plans and student loan forgiveness programs offered today.
Read MoreAccording to Forbes.com, there is 1.3 trillion dollars of student loan debt in the United States. Student loan debt is the second highest consumer debt category (mortgage debt is the first) and is higher than both credit cards and auto loans. The Forbes article indicates that the average student in the class of 2016 has $37,172 in student loan debt.
Read MoreImagine yourself a young person in a home in 2008 that your family had only recently moved into. You changed schools as your parents did all they could to buy in a particular neighborhood which would allow you to go to an award winning school with test scores at the top of the charts.
Everything seemed perfect as you finally had your own room with privacy you so desperately prayed for and a neighborhood full of kids your own age who all felt safe to play out front.
But it was not to last...
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