Study: Student Debt Delays Home Ownership

The National Association of Realtors (NAR) recently collaborated with the nonprofit American Student Assistance (ASA) to collect data on millenial student debt and how it affects home ownership. Of the 2,203 student loan borrowers that responded to a survey, the overwhelming majority (80 percent) do not currently own a home. Of this group, 83 percent believe their student loan debt is at least partially to blame. On average, the study concluded, these borrowers are expected to be delayed 7 years in buying their first home. While 20 percent of respondents do own a home, their student loan debt typically surpasses

Posted on: 16 October 2017 | 1:40 pm