An analysis released Thursday by MortgageResearch.com suggests that the average new college graduate likely won’t be able to afford a home until April 2034 — nearly 10 years after graduation — due to a triple burden of surging home prices, student loan debt and modest entry-level salaries.

The study, which uses average federal student loan amounts by state from EducationData.org, assumes a 6.53% interest rate for undergraduate loans over a 10-year term. It estimates how long it would take graduates in each state to save for a 10% down payment, factoring in average starting salaries, home prices and student details ⇒

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