Student loan debtors together with tended to have more mortgage personal debt, even when this really is more than likely a function of that they may own house (which means enjoys mortgage loans)

Inside the a recent study, we tried to do the strategies in depth above to analyze brand new results of education loan debt and you may owning a home. I utilized the Federal Longitudinal Survey out of Youthfulness 1997 loans in Oakville (NLSY97) cohort – a nationwide representative try out of young adults who had been within chronilogical age of twelve and you may 17 for the 1997 – who were observed annually otherwise biannually ever since. The brand new NLSY97 studies has more information into young adults as they go from adolescence into adulthood, and constant steps of amount of education loan financial obligation they hold and you may homeownership-associated consequences such as if they very own a house, how much it owe on the home loan, and just how much household guarantee he’s got accrued. twenty four Talking about very important differences and come up with. Even in the event education loan loans does not stop teenagers off to purchase property, it might make them purchase inexpensive property (and you may and so accept reduced home loan obligations). Read More