ASA: Student debt doesn't keep new grads from mortgages: Study

The burden of student loan debt isn't necessarily a financial roadblock—although for many grads, it's still a significant hurdle. Recent grads with student loan debt are—no surprise—less likely than their loan-free peers to have a mortgage, auto loan or credit card, but they catch up fast, according to a new study from TransUnion. Within a few years of graduation, borrowers and nonborrowers alike have similar rates of credit activity, the study found. Consumers juggling student loans were also less likely to be delinquent on payments for new auto loans and credit cards.

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