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Impact of student loans on home equity in the United States: An empirical model
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2019 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Between 2004 and 2017, the aggregated amount of outstanding student loans in the United States increased from $345 billion to $1,38 trillion, an increase of 300% over a little more than a decade. While this study partly explains the above increase, its aim is to determine whether outstanding student loans adversely affect a household’s ability to accumulate home equity. Median regression results of the 50th, 75th, 90th and 95th percentile all show negative association between home equity and outstanding student loans, with a decrease of -$0.32 to -$0.92 in homeequity for every $1 in outstanding student loans. The increasing burden of outstanding studentloans may pose a threat to the short- and long-term financial health of households in the United States.

Place, publisher, year, edition, pages
2019.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-160997OAI: oai:DiVA.org:umu-160997DiVA, id: diva2:1331176
Available from: 2019-06-26 Created: 2019-06-26 Last updated: 2019-06-26Bibliographically approved

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Impact of student loans on home equity in the United States(1188 kB)15 downloads
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CiteExportLink to record
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Citation style
  • apa
  • ieee
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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
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  • text
  • asciidoc
  • rtf