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Student Debt Is Holding Back Millennials? Not So Fast

Source: Wall St. Journal

New research suggests student debt is indeed a barrier for a significant minority—college dropouts—but that it’s generally not holding back those who earned degrees. The key findings: The likelihood of holding a mortgage, getting married, and having children increase with age and educational attainment. And those who took out student debt and earned a degree are far more likely to have done those things than those who borrowed and dropped out. Among 25-to-30-year-olds who borrowed for college and earned a bachelor’s or higher, 38 percent held a mortgage—the highest of any other group. Among those with a bachelor’s or higher who still owed student debt, 35 percent held a mortgage—the second-highest. Those who took out student debt but never earned a degree—just 14 percent had a mortgage.

student debt loans

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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CA Department of Real Estate Lic.# 01960213
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