THE IMPACT OF STUDENT LOAN DEBT ON THE HOUSING DECISIONS OF YOUNG RENTERS

Source: Harvard

A new research brief from Harvard University analyzes the extent to which young renter households in their 20s and 30s are burdened by their student loan payments and explore the potential implications of these payment burdens on future decisions to pursue homeownership. Reflecting both increases in student loan payment amounts and income declines among young renters, the research finds that the prevalence of young renters with medium or high student debt burdens accelerated following the Great Recession. Between 2007 and 2013, the share of young renters with high student loan burdens nearly quadrupled, from 5 percent to 19 percent.

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