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These are the ways in which student loans prevent people from buying a home



And he's not alone, 85 percent of borrowers say difficulties in saving have delayed their ability to buy a home, according to the National Association of Realtors.

"It's difficult to get $ 40,000 in student loans," said Grant Simmons, vice president of search marketing at Homes.com

(The median home price in America is $ 241,700).

Stephanie Pennycuff graduated from Indiana University at Purdue University Indianapolis with $ 43,000 in student debt.

She works as a nonprofit and helps formerly detained people return to their communities and earn around $ 30,000. Their monthly student loan payment is $ 450.

This makes the accumulation of money almost impossible.

"Pretty much a single paycheck a month goes to credit," Pennycuff, 28, said. "Every time I manage to save a few thousand dollars, something happens and it's gone empty-handed to do a house. "

While students 'debts continue to rise, many Americans' wealth and stability ̵

1; by owning a home – are likely to be more jeopardized.

In the two decades since McKinley was forced to leave, he has still rented. His loans have moved in and out of arrears and have grown to more than $ 100,000.

Sometimes he drives past the house, which was almost his own.

"There were a lot of wildlife, outdoor recreation opportunities," McKinley said. "It was really nice there."

He imagines what would have happened if he could have stayed. His monthly mortgage payments were around $ 500 a month. He might even have paid them all, he notes.

And the last time he checked, the value of the house had risen from $ 65,000 to more than $ 200,000.

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