WASHINGTON (WUSA9) -- Taking out student loans is usually the first major financial decision for many young people. The challenge of repaying those loans, especially in the current economic environment, could lead to problems later in life, specifically when it comes time to apply for a mortgage or even save for retirement.
Housing expert Brian Coester joined us on Friday morning to discuss the impact of student loan debt. We asked him:
Are student loans a new version of subprime mortgages?
Will student debt stall a housing recovery?
Why is student debt so high at $1 trillion and at one-third delinquencies?
What will spark the bubble burst and is there anything that can turn this around?
His answers are in the video.