Loan forgiveness may impact housing market

College debt has held many borrowers back from meeting other financial goals, according to a recent article. Among respondents in a survey, 60% of millennials said student debt was an obstacle in making financial decisions including buying a home. The federal student loan forgiveness program could help more than 40 million borrowers save money. The majority of respondents in a separate poll said they would use the funds to buy a house if they received loan forgiveness.