Data Point: The Secret Price Tag of Student Debt
Research shows how the effects of student debt ripple across borrowers’ lives. However, little is currently known about how student debt affects borrowers’ experiences with other consumer financial products. Using novel consumer reporting agency data, a new report by the SBPC and the Credit Builders Alliance takes a first step at filling that gap.
This report highlights the secret price student loan borrowers pay for common consumer credit products like a mortgage, auto loan, or credit card. The report’s findings pose important questions on the compound effect that student debt has for households across the country, especially for the most vulnerable borrowers.
Read the report: Data Point: The Secret Price Tag of Student Debt
Press Release: New Research Show’s Student Debt’s Secret Price Tag