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Student Loan Debt a Hurdle to Homeownership

By Jessica Lautz, Managing Director, Survey Research & Communications, NATIONAL ASSOCIATION OF REALTORS®

The U.S. currently has a student debt load of $1.3 trillion, which accounts for 10 percent of all outstanding debt. The magnitude of the debt continues to grow in size and share of the overall debt in the economy. While this amount of debt has risen, the homeownership rate has fallen, and fallen more steeply among younger generations. To evaluate those trends, NAR teamed up with American Student Assistance®’s (ASA’s) SALT® consumer literacy program to conduct a survey of student loan borrowers who are current in repayment.

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