I very first looked at to own a beneficial bivariate relationship between education loan loans and you may home ownership features throughout the brutal study
Education loan debtors as well as had a tendency to convey more mortgage debt, even though this is exactly most likely a purpose of the reality that they may very own home (for example has actually mortgage loans)
For the a recent study, we attempted to make tips detailed above to analyze the fresh new outcomes of student loan loans and you may home ownership. We made use of the Federal Longitudinal Questionnaire regarding Youth 1997 (NLSY97) cohort – a nationwide member shot regarding teenagers who were between the age of twelve and you will 17 from inside the 1997 – who have been implemented a year otherwise biannually from the time. The fresh new NLSY97 studies has detailed information towards young people while they go from puberty up, and regular strategies of level of education loan debt they hold and you will homeownership-related effects like whether they very own a property, just how much it are obligated to pay to their home loan, and just how much household equity he’s accumulated. 24 Talking about extremely important differences while making. …