Which College Graduation Class Holds the Most Housing Weight

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first_imgWhich College Graduation Class Holds the Most Housing Weight? The class of 2008 is the most likely to buy and mortgage a higher-priced home, according to recent data from LendEDU, a student loan debt consolidation company based in New Jersey. With the highest median credit score in the last 10 years, this group of young adults also boasts the highest median home loan debt, at $395,038.According to the data, 2008 graduates outpace other classes in home loan debt by more than $115,000. The classes with the next-highest home loan debts are: 2013, with $279,300; 2016, with $274,384; 2009, with $260,008; and 2014, with $249,100.Classes with the lowest home loan debt were 2010, 2011, and 2015—all of which saw a median debt of $200,000 or below. These results were unexpected, according to LendEDU.“While we expected to see graduates of earlier class years borrowing more home loans,” the report stated, “we instead see a trend indicative of the housing market over time—a peak in 2008 followed by a large recession and tentative recovery starting in 2012.”The report also breaks down home loan debts by college degree and, according to the data, graduates with a Master of Business Administration (MBA) have the highest median home loan debt at $445,900. This is followed by Doctor of Pharmacy ($387,625), Juris Doctor ($323,000), Doctor of Philosophy ($262,200), Masters ($260,008), Bachelors ($200,111), and Associates ($164,225). LendEDU’s data shows all groups but Associate-degree graduates have at least a good or very good credit score. Something that could indicate the true value of a higher degree.The report explained, “After the recession hit and a college degree no longer guaranteed a job, many began to wonder: what’s the real value of a college education? With some patience, perhaps a good credit score.”Ultimately, it seems higher education, over time, leads to higher credit scores and therefore larger mortgage loans and higher debts. This means that while this year’s class is currently on track for the poorest credit scores in recent memory, that doesn’t indicate they’ll be unable to secure a home in the not-too-distant future.“In general, higher degrees do equate with higher credit scores and bigger home and auto loans,” LendEDU stated. “Students who graduated longer ago have better credit scores and bigger loans than current students. The class of 2017 has the poorest scores, but if the trend holds, they’ll be back up into the ‘good’ zone soon enough.” February 3, 2017 600 Views Data LendEDU Median Home Loan Debt 2017-02-03 Staff Writercenter_img in Data, Headlines, News Sharelast_img

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Polar zoobenthos blue carbon storage increases with sea ice losses, because across-shelf growth gains from longer algal blooms outweigh ice scour mortality in the shallows

first_imgOne of the major climate-forced global changes has been white to blue to green; losses of sea ice extent in time and space around Arctic and West Antarctic seas has increased open water and the duration (though not magnitude) of phytoplankton blooms. Blueing of the poles has increases potential for heat absorption for positive feedback but conversely the longer phytoplankton blooms have increased carbon export to storage and sequestration by shelf benthos. However, ice shelf collapses and glacier retreat can calve more icebergs, and the increased open water allows icebergs more opportunities to scour the seabed, reducing zoobenthic blue carbon capture and storage. Here the size and variability in benthic blue carbon in mega and macrobenthos was assessed in time and space at Ryder and Marguerite bays of the West Antarctic Peninsula (WAP). In particular the influence of the duration of primary productivity and ice scour are investigated from the shallows to typical shelf depths of 500 m. Ice scour frequency dominated influence on benthic blue carbon at 5 m, to comparable with phytoplankton duration by 25 m depth. At 500 m only phytoplankton duration was significant and influential. WAP zoobenthos was calculated to generate ~107, 4.5 × 106 and 1.6 × 106 tonnes per year (between 2002 and 2015) in terms of production, immobilization and sequestration of carbon respectively. Thus about 1% of annual primary productivity has sequestration potential at the end of the trophic cascade. Polar zoobenthic blue carbon capture and storage responses to sea ice losses, the largest negative feedback on climate change, has been underestimated despite some offsetting of gain by increased ice scouring with more open water. Equivalent survey of Arctic and sub-Antarctic shelves, for which new projects have started, should reveal the true extent of this feedback and how much its variability contributes to uncertainty in climate models.last_img

Ground-breaking legislation to help tenants onto property ladder enters Commons

Home » News » Ground-breaking legislation to help tenants onto property ladder enters Commons previous nextRegulation & LawGround-breaking legislation to help tenants onto property ladder enters CommonsBig Issue Lord Bird’s legislation is now only a few months away from becoming law, helped by former government minister Justine Greening.Nigel Lewis13th September 201801,998 Views LtoR: Justine Greening and Lord Bird.New legislation designed to force lenders to take rent and council tax payments into account when assessing tenants for mortgages has begun its journey through the House of Commons, sponsored by former government minister and MP Justine Greening.Introduced into parliament in June last year by Big Issue founder Lord Bird, it is now likely to get Royal Assent and become law next year; its passage through the Lords was unopposed and supported enthusiastically by all parties.“Thanks to Justine Greening plus [other] MPs from every party for sponsoring the Creditworthiness Assessment Bill in the House of Commons – it’s an historic moment in our campaign,” Lord Bird said.The bill will force a subtle but important change within the lending industry. Currently, credit reference agencies and lenders can opt to factor a borrower’s rental payment record into their lending decision, but it’s not an approach adopted uniformly.To date take-up of the ideas has been relatively slow – only Experian adds tenant rent payment records to people’s credit files while its two competing reference agencies do not.Royal assentWhen the Creditworthiness Assessment Bill does become law, lenders will be compelled by the Financial Conduct Authority to include rent and council tax payment records into lending decisions.Lord Bird’s plans go further than helping Generation Rent, though. His campaign has also focussed on the problems faced by those on low incomes who, because they struggle to prove their creditworthiness, get caught in a spiral of high-interest borrowing and debt.The long-time homelessness campaigner’s initiative is on top of recent government action on creditworthiness. The HM Treasury recently gave three fintech startups £2 million between them to develop platforms to help tenants get on the property ladder. These were Bud, RentalStep and CreditLadder.justine greening Lord Bird Big issue Creditworthiness Assessment Bill September 13, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021

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