Student-Loan-Press-Briefing-Presentation

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Understanding repayment outcomes • We will compare several groups to better understand the determinants of repayment outcomes: • Those who left school before, during, and after the Great Recession • Younger borrowers and older borrowers • Borrowers from higher income and lower income areas 18
Defaults and default rate Thousands per year 1,400 Annual rate 4.0% 1,200 3.5% 1,000 800 3.0% 2.5% 2.0% 600 400 1.5% 1.0% 200 0.5% 0 2003-4 2005-6 2007-8 2009-10 2011-12 2013-14 defaulted borrowers rate of default 0.0% Source: FRBNY Consumer Credit Panel/Equifax 19
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 and 12: Number of active borrowers peaked i
Page 13 and 14: Larger rise in level of lower incom
Page 15 and 16: Wrapping up, part 1 • Student deb
Page 17: Distribution of payment history Sna
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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