Houston Matters

Advice for Starting Life with Student Debt

A recent report places Houston in the top third among cities nationwide when it comes to affordability for first-time home-buyers. The financial pressure becomes greater when that home buyer is saddled with student debt. Another recent report finds college graduates in Harris County with student loans to repay have to earn, on average, $7,000 more annually in order to […]

recent report places Houston in the top third among cities nationwide when it comes to affordability for first-time home-buyers. The financial pressure becomes greater when that home buyer is saddled with student debt.

Another recent report finds college graduates in Harris County with student loans to repay have to earn, on average, $7,000 more annually in order to afford to purchase a home.

Of course, it’s common for new graduates to rent for a while before taking the plunge into the housing market, but should we be concerned that average student loan debt of around $24,000 is keeping some younger Houstonians from even attempting to buy a home?

We discuss that and get financial advice for new graduates shackled with student debt — and advice to help students not get in debt in the first place.

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