How Student Loans Affect Financial Well-Being Remains a Tricky Question

Paying off student loans is a fact of life for a growing number of American households. So it’s important to understand how student debt matters in borrowers’ financial lives. But even with new analyses, like two released on Wednesday, that role is difficult to define.

The two reports, by the Pew Research Center and the American Enterprise Institute, each examine the relationship between student-loan debt and financial well-being. Both use data from the Federal Reserve