19 Fortunately, largely because of significant policy changes, beginning in the 2008–09 school year, the vast majority of student loans have been originated directly by the federal government and have flexible repayment and deferment options. 20 Nonetheless, high levels of student indebtedness appear to be one factor influencing the Great Recession generation’s slow progression into homeownership.
14  Bachelor’s degree graduation rates are within six-year graduation rates for the 2007 entering cohort. Associate’s degree and certificate completion rates are for within 150 percent of normal completion time for the 2007 entering cohort. See table 326.10 and table 326.20 in the “Digest of Education Statistics” section of the National Center for Education Statistics website at https://nces.ed.gov/programs/digest/ 2014menu_tables.asp.