Even with debt, college grads have higher homeownership

College graduates are more likely to be homeowners by their mid-20s than people without degrees regardless of student debt, according to new research from the Federal Reserve Bank of New York that reveals some of the effects of the $1.3 trillion in outstanding aggregate U.S. student loans.

Researchers for the New York Fed found that college attendance is associated with higher homeownership rates by age 25, regardless of whether the students took out debt.