Student Loan Debt and Housing Report
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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. The magnitude of the debt continues to grow in size and share of the overall debt in the economy. While this amount of debt has risen, the homeownership rate has fallen, and fallen more steeply among younger generations. To evaluate those trends American Student Assistance® and the National Association of REALTORS® teamed up to conduct a survey of student loan borrowers who are currently in repayment. The 2017 report focuses on younger millennials (born 1990 to 1998) and older millennials (born 1980 to 1989).