Student-Loan-Press-Briefing-Presentation

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Cohort default rates deteriorate • Default rates for the 2005, 2007, and 2009 school-leaving cohorts have all now reached roughly 25%. − Cohort default rates continue to increase even beyond the third year of loan repayment • There is a pronounced worsening of the cohort default rate schedules over time − Default rates are higher for later cohorts at virtually all durations 22
5-year cohort default and delinquency rates by ZIP income 60% 2005 school leaving cohort 60% 2007 school leaving cohort 60% 2009 school leaving cohort 50% 50% 50% 40% 40% 40% 30% 30% 30% 20% 20% 20% 10% 10% 10% 0% less than 40k 40k-60k 60k-80k 80k+ 0% less than 40k 40k-60k 60k-80k 80k+ 0% less than 40k 40k-60k 60k-80k 80k+ default 120+ dpd Source: FRBNY Consumer Credit Panel/Equifax 23
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 and 18: Distribution of payment history Sna
Page 19 and 20: Defaults and default rate Thousands
Page 21: Default rate by school leaving coho
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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