Student-Loan-Press-Briefing-Presentation

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Increase, then decline in borrowers from lower and middle income areas Millions 14 Number of originating borrowers by ZIP code income* 12 10 8 6 4 2 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 up to 40k 40k-60k 60k-80k 80k+ 12 Source: FRBNY Consumer Credit Panel/Equifax; Internal Revenue Service; * excludes small number of borrowers with missing ZIP code incomes
Larger rise in level of lower income borrowers following recession Index, 2004=100 1.5 Active borrowers by ZIP code income 1.4 1.3 1.2 1.1 1 0.9 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 up to 40k 40k-60k 60k-80k 80k-100k 13 Source: FRBNY Consumer Credit Panel/Equifax; Internal Revenue Service; * excludes small number of borrowers with missing ZIP code incomes
Page 1 and 2: Student Loan Borrowing and Repaymen
Page 3 and 4: Researching student borrowing • W
Page 5 and 6: Student loans increased as other de
Page 7 and 8: Increases among borrowers of all ag
Page 9 and 10: Significant heterogeneity in amount
Page 11: Number of active borrowers peaked i
Page 15 and 16: Wrapping up, part 1 • Student deb
Page 17 and 18: Distribution of payment history Sna
Page 19 and 20: Defaults and default rate Thousands
Page 21 and 22: Default rate by school leaving coho
Page 23 and 24: 5-year cohort default and delinquen
Page 25 and 26: 5-yr Cohort default and delinquency
Page 27 and 28: Student loan repayment behavior Stu
Page 29 and 30: 5-year cohort repayment difficultie
Page 31 and 32: 2009 cohort repayment rates by inco
Page 33: Wrapping up • These results are f

Student-Loan-Press-Briefing-Presentation

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