Education loan debtors also had a tendency to do have more home loan financial obligation, in the event this is almost certainly a function of that they will own home (and thus enjoys mortgages)
Within the a recent study, we attempted to make actions outlined a lot more than to analyze the new link between student loan loans and home ownership. I used the National Longitudinal Questionnaire off Childhood 1997 (NLSY97) cohort – a nationwide associate try regarding teenagers have been amongst the chronilogical age of 12 and you will 17 into the 1997 – who have been adopted annually otherwise biannually since. The new NLSY97 studies includes detailed information on teenagers while they go from adolescence into adulthood, as well as regular procedures of one’s number of education loan debt they keep and homeownership-relevant effects particularly if they individual a house, just how much they owe on the home loan, and just how far house security he has got accumulated. (more…)