The Student Loan Market
The Student Loan Market
Making Higher Education Attainable
September 23, 2019 Presented By Tariq Habash
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The Student Loan Market
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BORROWERS
Nationwide growth in student debt
$1.603 trillion
More than 1-in-5 U.S. consumers have student loan debt
Source: Federal Reserve Board (2019); Federal Reserve Bank of Philadelphia
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BORROWERS
Market expanding, balances climbing
180% 160% 140% 120% 100%
80% 60% 40% 20%
0%
2007 2008 2009 2010 Total Outstanding Student Debt
2011 2012 2013 Number of Borrowers
153%
63% 55%
2014 2015 2016 2017 Average Borrower Balances
Source: Federal Reserve Board; Federal Reserve Bank of New York
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BORROWERS
Consuming an increasing share of household debt
Change in household debt (2007 Q1- 2019 Q1)
147%
36%
-8%
Mortgage
-44% HE Revolving
Auto Loan
-7% -16%
Credit Card
Student Loan
Other
Source: Federal Reserve Bank of New York (2019 Q1)
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