Student-Loan-Press-Briefing-Presentation

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Nearly half of borrowers are not yet repaying • 17% of the borrowers are in default or in delinquency • Only 37% of borrowers are current on their loan and actively paying down • 46% of borrowers are current on their loans but are not in repayment 28
5-year cohort repayment difficulties, by ZIP income 80% 2005 school leaving cohort 80% 2007 school leaving cohort 80% 2009 school leaving cohort 70% 70% 70% 60% 60% 60% 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+ default 120+ dpd debt increase 0% less than 40k 40k-60k 60k-80k 80k+ Source: FRBNY Consumer Credit Panel/Equifax 29
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 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: Student loan repayment behavior Stu
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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