Student Loan Debt by Age Group

Data as of fourth quarter 2012, released March 29, 2013

Student loan debt is the only form of consumer debt that has grown since the peak of consumer debt in 2008. Balances of student loans have eclipsed both auto loans and credit cards, making student loan debt the largest form of consumer debt outside of mortgages. These interactive charts show how student loan borrowing and delinquency rates vary among age groups and over time.

For more on household trends in borrowing and indebtedness, including a special section on student debt, see the online 2012 Q4 Quarterly Report on Household Debt and Credit and two special presentations on Household Debt and Student Debt.

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Source: FRBNY Consumer Credit Panel/Equifax

As explained in a recent blog post, delinquency rates for student loans are likely to understate actual delinquency rates because almost half of these loans are currently in deferment or in grace periods and therefore temporarily not in the repayment cycle. Among loans in the repayment cycle, delinquency rates are roughly twice as high.

About the Data