Document Type



credit; management; behavior; debt; mortgage; education; credit management behavior; educational debt; mortgage approval


Bryant University


Educational debt in the United States is a major concern as many young people enroll in undergraduate institutions beyond their financial means and the gap between the cost of an education and family income widens. Research suggests that an individual’s level of educational debt will have an effect on their financial future, but measuring the extent of damage incurred is much more difficult and needs further examination. This paper analyzes the relationship between the level of educational debt at graduation and time between graduation and home mortgage approval. This paper also examines the relationship between credit management behavior and mortgage approval. This study finds that educational debt does not have a significant effect on mortgage approval timetables. This paper also reports that credit management behavior has a significant effect on a person’s approval timetable and that bad credit management behavior increases the period between graduation and mortgage approval.