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  • Study links student loans with lower net worth, housing values after college

    University of Illinois social work professor Min Zhan found in a recent study that carrying student loan debt after college may compromise young peoples financial well-being up through age 30. Co-authors on the study were William Elliott III, director of the Center on Assets, Education and Inclusion at the University of Kansas; and Xiaoling Xiang, a recent graduate of the doctoral program in social work at Illinois.

    University of Illinois social work professor Min Zhan found in a recent study that carrying student loan debt after college may compromise young people’s financial well-being up through age 30. Co-authors on the study were William Elliott III, director of the Center on Assets, Education and Inclusion at the University of Kansas; and Xiaoling Xiang, a recent graduate of the doctoral program in social work at Illinois.

    Photo by L. Brian Stauffer

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    Editor’s notes: To reach Min Zhan, call 217-244-5252; email mzhan@illinois.edu

    The study “Education loans and wealth building among young adults” is available online from ScienceDirect or from the News Bureau.