The proportion of homeowners with financial obligations payments over 40% of income (heavy burdens) decreased from 22% in 2007 to 16% in 2013, while the proportion of renters with heavy burdens increased from 35% in 2007 to 42% in 2013. We conducted separate logistic regressions of homeowners and renters in 2013 to ascertain the effects of household characteristics on having a heavy burden, and found that having an education loan was related to having a heavy burden for homeowners but not for renters. Homeowners and renters with college degrees were more likely to have heavy burdens than those without college.