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Contrary to the stereotype of student debtors as economically disadvantaged, many student loan borrowers are relatively high-income individuals. Nearly half of those holding student debt earn over $100,000 annually, which underscores a unique demographic challenge. These individuals are not merely struggling to pay off their loans; they are now facing a scenario that could critically impact their consumer behavior, leading to reduced spending and diminished demand in the housing market. Furthermore, home prices have already begun to decline in various regions across the United States even before the resumption of student loan payments.