Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
March 29, 2015

Student Debt Burden Stifles Home Ownership

Slate: “It seems obvious that owing lots of student debt should make it more difficult to buy a house.”

“Homeownership rates have fallen fast among all young adults since the recession. But, as shown below, they’ve dropped most precipitously among those who borrowed for school.”


“The bad news is that student loan delinquencies and defaults exploded after the recession, which is a likely reason why the Fed finds that, on average, young adults who borrow for school have lower credit scores than those who don’t. Bad education debt has created a class of adults who will probably have trouble getting credit for quite some time. And until that changes, they’ll be renters.”

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