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I have nearly $600,000 in student debt after getting four college degrees. Can I still buy a home? (MarketWatch)

Dear MarketWatch,
I am a 58-year-old Black male with a student loan debt of $593,000.  Seriously.  I have 4 degrees — B.A., J.D., M.Ed., M.A. — and I’m working on my last Ed.D.  I am currently employed as an educator.
I would like to buy a house but to qualify is like a pie in the sky.  I am working on a down payment of $12,000.  But any mortgage company will tell me that they have to count 1% or .5% of my loan balance towards my debt.  I would like to buy a house in July 2021.  I’m currently renting for $1,390 per month. Any suggestions?
Sincerely,
A well-educated prospective home buyer

Dear Well-educated,
I’ve got good news and bad news for you.
Read the full story in MarketWatch.

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