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Student Debt Among Young Entrepreneurs

studentdebtStudent Debt Among Young Entrepreneurs
by Brian Headd
SBA Office of Advocacy

First published November 2014

A quick rundown of the ways that student debt and entrepreneurship interact. Some key findings:

  • Student debt is rising.
  • Student debt might affect career choices.
  • Student debt is rising among the relatively young, while self-employment is declining.
  • Households with a self-employed member and student debt were less likely to apply for business loans.
  • Business owners with student debt had smaller ventures.
  • The self-employed and non-self-employed have similar rates of student debt.
  • Student debt for the self-employed differs among races and ethnicities.

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