How will President Biden’s executive action to erase $10,000 in federal student loan debt affect homeownership? While industry watchers don’t expect the debt forgiveness to move the needle in a significant way, it could have a net positive impact on homeownership long term.

About 45% of borrowers, or almost 20 million people, would have their student debt fully canceled, according to the White House.

Given that the relief will be $10,000 for government-backed loans and $20,000 for Pell Grant recipients making less than $125,000 per year, the move seems most impactful for potential homebuyers where student details ⇒

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