Student Loans Near $1 Trillion Hurt Young U.S. Buyers: Mortgages
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Roshell Schenck has a Ph.D in pharmacy and earns $125,000 a year, yet can’t qualify for a mortgage for a house for herself and her 9-year-old daughter. The 2008 graduate of Lake Erie College of Osteopathic Medicine, in Erie, Pennsylvania, has more than $110,000 in student debt.
“I’d love to buy and can afford to buy,” said Schenck,