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Student Loan Debt and Millennial Homeownership

By Meredith Dunn, Research Communications Manager, NATIONAL ASSOCIATION of REALTORS®

Student loan debt continues to grow in size and share of the overall debt in the economy. The U.S. currently has a student debt load of $1.4 trillion, which accounts for 10 percent of all outstanding debt and 35 percent of non-housing debt. According to a new joint study on student loan debt, while this amount of debt has risen, the homeownership rate has fallen, and fallen more steeply among younger generations. 

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