Student-Loan-Press-Briefing-Presentation

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Distribution of borrowers by 2014Q4 balance 1.0% 0.8% 2.4% ≤$5k 7.2% 2.9% 20.8% Balance in 2014Q4: 18.5% >$5k and ≤$10k >$10k and ≤$25k >$25k and ≤$50k >$50k and ≤$75k >$75k and ≤$100k >$100k and ≤$150k >$150k and ≤$200k >$200k 18.0% 28.5% 43.3 million borrowers Mean balance: $26,700 Median balance: $14,400 Source: FRBNY Consumer Credit Panel/Equifax 8
Significant heterogeneity in amounts owed • Most borrowers have a current outstanding balance below $25k • About 40% owe less than $10K • Mean outstanding balance is $26k; median balance is $15k • Significant numbers of borrowers with large balances (over $25K) • Borrowers in their 30’s and 40’s have the highest mean and median balances, at about $31k and $17k respectively 9
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: Increases among borrowers of all ag
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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