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The Ripple Effect of Student Loan Debt-The Financial Influence of Student Loan Payments

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Synopsis

73% of Millennials (ages 23-38) who have student loan debt have delayed at least one major life or financial milestone as a result, according to a new Bankrate.com report. Mark Hamrick, Senior Economic Analyst for Bankrate.com said the issue has influenced large percentages of Americans of all ages, affecting decisions such as buying a home or car, saving for retirement, having children and getting married.