Michael can effectively work towards buying a home while managing student debt by strategically refinancing loans and creating a dedicated house fund.
Refinancing student loans can reduce monthly payments, but the loss of federal protections must be considered; income-driven repayment plans might be another option.
Creating a dedicated savings account for a down payment not only tracks the journey towards home ownership but prevents accidental spending of those funds.
While many young professionals face the challenge of rising home prices and student loan debt, a strategic approach can lead to successful home ownership.
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