Replacing student loans with mortgage


WIPE OUT PAYMENTS IN PITTSBURGH >> A PITTSBURGH CITY COUNCILMAN IS TAKING UP THE CAUSE ON PLAYOFF OF THOSE WHO ARE STUCK WITH STUDENT LOANS AND WANT TO BUY A HOME

HE'D LIKE TO SEE THE STATE COME TO THEIR HELP AND WIPE AWAY PART OF THEIR STUDENT LOAN DEBT IF THEY COMMIT TO A HOME IN PENNSYLVANIA >> BASICALLY IF YOU OWN OR PURCHASE A HOME IN THE STATE OF PENNSYLVANIA, WHILE YOU'RE PAYING YOUR MORTGAGE AS WELL AS YOUR TACKS, THAT NUMBER THAT YOU WOULD PAY ON YOUR STUDENT LOAN WOULD BE WIPED OFF >> COUNCILMAN COREY O'CONNOR'S IDEA URGED THE STATE TO REPAY PART OF A HOME BUYER'S STUDENT LOAN DEBT, UP TO 15% OF THE VALUE OF THE HOME IF THEY COMMIT TO STAYING IN THE HOME FOR A CERTAIN LENGTH OF TIME THE IDEA WOULD BE TO KEEP THE YOUNG TALENT GRADING FROM "PT

I" AND OTHER — PITT AND OTHER SCHOOLS HERE FROM THE LONG HAUL >> I THINK IT'S A GREAT IDEA AS LONG AS THERE'S A JOB OTHERWISE YOU'RE GOING TO GET INTO TROUBLE >> O'CONNOR RALLIED HIS FELLOW CITY COUNCIL MEMBERS TO VOTE TO URGE PENNSYLVANIA OFFICIALS TO PURSUE THE IDEA

CAN THE STATE AFFORD TO BE SAYING OH, WE'RE LETTING THIS DEBT GO? >> YOU HAVE TO LOOK AT IT IN A WAY THAT THIS DEBT IS PROBABLY NEVER I GOT TO — GOING TO GET PAID OFF >> BUT O'CONNOR SAYS THE DEBT COULD BE MADE UP FOR BY STIMULATING THE LOCAL ECONOMY >> I WOULD DEFINITELY BE MORE INTERESTED IN GOING TO ANY SCHOOL YEAR BECAUSE I ALREADY AM STAYING HERE NEXT YEAR FOR A JOB >> WHY THE CITY COUNCIL HAS SIGNED ON TO ENDORSING THE IDEA, THE COUGE ITSELF DOESN'T HAVE

Source: Youtube


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