Don’t let student debt derail home ownership. There’s sample evidence to show that a college education can boost earning power. But for those who borrow heavily to pay their tuition, the burden of student debt can limit recent graduates in one key measure of financial success: home ownership.

That’s the conclusion from a recent study commissioned by the National Association of Realtors, which found that 83 percent of millennials – those born between 1980 and 1989 – are forced to delay plans to buy a home due to student debt.

If your child is  on the college track and facing the prospect of $100,000 or more in tuition and expenses to get through school, consider this alternative to the student loan quagmire. By acquiring a rental property when your child is young, you can build equity of substantially cover their college costs by the time they head to school.

For instance, by purchasing a $200,000 condominium with twenty percent down on a fifteen year loan, it’s within reason to project $100,000 or more in equity within ten years. In a college town like San Diego , where price appreciation has been robust, the equity opportunity is even greater.

Of all your options for paying for school, it may be the best chance to help your kids avoid the fate of graduating with debt and putting their own home ownership on hold. and it’s a sold investment.