The Student Loan Market

The Student Loan Market

Making Higher Education Attainable

September 23, 2019 Presented By Tariq Habash



PROTECT BORROWERS

2

The Student Loan Market

PROTECT

3

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

PROTECT

4

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

PROTECT

5

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)

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download