This article analyses the interaction between two policy areas affecting young people in England – housing and student funding. It is the first of its kind exploring a range of dynamics in the relationship between housing and student loan debt. Young people today are far less likely to own their home and are more likely to live with their parents than earlier generations. In parallel, higher education tuition fee increases have led to a growing share of students taking out loans and graduating with higher debt, which they will be repaying for most of their working lives. This research examines the relationship between student loans – having borrowed for higher education and attitudes towards debt – and housing tenure at age 25, using the Next Steps dataset. We find that young graduates who did not borrow for higher education are more likely to own their home and less likely to rent or live with their parents than graduates who borrowed for their studies or young people who never attended higher education. These results suggest that higher education funding policies and student loan debt play important roles in structuring young people’s housing in England.

本文分析了影响英格兰年轻人的两个政策领域之间的相互作用——住房和学生资助。这是第一次探索住房和学生贷款债务之间关系的一系列动态。与前几代人相比，今天的年轻人拥有自己的房子的可能性要小得多，而且更有可能与父母住在一起。与此同时，高等教育学费的上涨导致越来越多的学生贷款并带着更高的债务毕业，他们将在大部分工作生涯中偿还这些债务。本研究使用 Next Steps 数据集检验学生贷款（为接受高等教育而借款和对债务的态度）与 25 岁时的住房使用权之间的关系。我们发现，与为学业借款的毕业生或从未接受过高等教育的年轻人相比，没有为高等教育借款的年轻毕业生更有可能拥有自己的房屋，而租房或与父母同住的可能性更小。这些结果表明，高等教育资助政策和学生贷款债务在构建英格兰年轻人的住房方面发挥着重要作用。