More bad news for student loan borrowers

Before student loans were seen as the "good" loans to have and banks did not have a problem loaning money to individuals after school in order to buy a home or a car because they usually earn more over a lifetime.  However, recently it has been shown that 30-year-olds with no history of student loans are more likely to have a mortgage than those who have had student loans in the past.  Individuals with student loans have had a higher rate in the past, but that gap increased in 2008.  The Economic Policy Institute also said that students graduating now will earn less than if they had graduated when there were more jobs.  The average 30-year-old home owner with loans has a credit score 24 points below those without loans.  The Obama administration has tried to ease the burden by cutting commissions paid to private collection companies who chase overdue student loans.

http://finance.fortune.cnn.com/2013/04/22/student-loan-debt-borrowing/?iid=HP_LN