Houle, an assistant professor of sociology, and his colleague found that among those with some secondary education, “having $10,000 more in student debt is associated with a 6 percentage point lower probability of homeownership and a 7 percentage point reduced probability of having a mortgage,” writes the Journal.
“One troubling conclusion in the report: To the extent student loan debt is deterring homeownership, the authors find that it is more of a deterrent for blacks than for whites,” the Journal reports.
Read the full story, published 6/20/14 by The Wall Street Journal.
