The loan eligibility criteria are too restrictive

The loan eligibility criteria are too restrictive

My research tracking the career development of 3,700 part-time undergraduate students from their first year at university until two years after graduation demonstrates the benefits of part-time study. Four out of five of current students were working, mostly in full-time jobs in the public sector whilst 91% were employed two years after finishing their studies. The vast majority were using the skills they had learnt on their course in their jobs, so their studies were highly relevant to their working lives, and benefitted their employers too. In addition, over two-thirds of students, and four in five who had finished studying, believed that their ability to do their work had improved as a direct result of their course. Continuer la lecture de « The loan eligibility criteria are too restrictive »

These underwriting criteria can change over time as mortgage credit availability eases and tightens

These underwriting criteria can change over time as mortgage credit availability eases and tightens

By way of summary, the data set is built from a nationally representative random sample of credit bureau records provided by TransUnion for a cohort of 34,891 young individuals who were between the ages of 23 and 31 in 2004 and spans the period 19972014

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The average marginal effect of student loan debt on homeownership for any given population will depend on the density of individuals near the relevant mortgage underwriting thresholds. This paper investigates a population of individuals who were mostly making their home-buying choices prior to the housing s. Mortgage credit tightened considerably in the following years and has subsequently been (slowly) relaxing. The average marginal effect of student loan debt may therefore be different in years with considerably different levels of credit availability, an important point to keep in mind when extrapolating our results to other time periods. Continuer la lecture de « These underwriting criteria can change over time as mortgage credit availability eases and tightens »