Student Debt and Black Homeowners (The Wall Street Journal)
June 23, 2014
A study by Dartmouth’s Jason Houle and a colleague from the University of Wisconsin-Madison found that student debt appears to have a bigger impact on homeownership among black borrowers than among white borrowers, reports The Wall Street Journal.
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.