Journal Article Example | Topics and Well Written Essays - 250 words - 2

Journal - Article Example Statistics indicate that homeownership among the young people who are through with college and whom are under 35 years of age has reduced from 43% to 36% from 2004 and this is a massive decrease. Even though with the reduction in inflation the debts are bound to be reduced, this is just a speculation and is yet to be fulfilled. The government should be encouraging an increase in homeownership amongst the younger generation and they should start with reduction of the interest rates in college loans. The increase in interest is discouraging those aspiring to join college to pull back as they foresee a future with no other development other than student loan repayment which is bad for the economy in future. Even though the college student loan comes as a savior for most families that cannot afford college education, it is still a burden people are continually afraid of and it drains their morale of development leading homeownership for example for old people who are not bound to enjoy more. Mitchell, J. (June 20th, 2014). â€Å"Student Debt Takes a Toll on Some Home Buyers.† The Wall Street Journal. Retrieved from: