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Strategies for Managing Student Debt by ShurieU is a document available to read on EtoBox.
What is Strategies for Managing Student Debt about?
This document discusses the history of student debt and housing debt in the United States. It explains that prior to the 1930s, most Americans did not own their own homes and it was difficult to obtain a mortgage loan. In 1934, the U.S. government established the Federal Housing Administration and Federal National Mortgage Association to partner with banks and create a secondary market for mortgages. This led to mortgages being offered for up to 90% of home value and longer repayment terms, greatly expandin
- Author
- ShurieU
- Language
- EN