Living
Student Loan Bills Are Higher Than Mortgage Payments for Some Borrowers
The extra financial burden of education debt will be more than what some are spending on housing costs.
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It’s another quirk of the pandemic economy: student loan bills that are higher than mortgage payments.
That’s the situation facing some US borrowers who took advantage of the three-year pause on student loan payments to purchase homes, leveraging historically low mortgage rates to crack into the real estate market. Now, with the education bills set to restart next month, they’ll pay more each month for their education debt than their housing costs.