Student-Loan-Press-Briefing-Presentation

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Total student loan balances by age group Billions of Dollars 1,200 under 30 30-39 40-49 50-59 60+ 5% 1,000 12% 800 18% 600 33% 400 200 2% 9% 14% 33% 32% 42% 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Source: New York Fed Consumer Credit Panel / Equifax 6
Increases among borrowers of all ages • <strong>Student</strong> loan balances grew for borrowers of all ages between 2004 and 2014: • The number of borrowers over 40 increased at twice the pace of the number of borrowers under 40 ▫ Especially fast growth in balances held by for borrowers age 60+, up nearly nine-fold • As a consequence, share of balances held by borrowers age 40+ increased from 25% to 35% • 2/3 of student loan balances are held by borrowers not in their 20s 7
Page 1 and 2: Student Loan Borrowing and Repaymen
Page 3 and 4: Researching student borrowing • W
Page 5: Student loans increased as other de
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 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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