Transcript PowerPoint slides

DataPost
College Debt
Rising Student Loan Balances
Date last updated: October 5, 2015
Federal Reserve Bank of San Francisco
Economic Education & Outreach
Components of Student Loans
by major funding category
Federal Subsidized Stafford Loans
Student Loan Dollars
2013-14 Academic Year
Need-based, subsidized, student-borrowed
(Constant 2013 Dollars, $billions)
$120
Federal Unsubsidized Stafford Loans
Not need-based, unsubsidized, student-borrowed
$100
$25.4
(24%)
$51.9
(49%)
$80
Perkins, PLUS, & Other Federal Loans
Perkins: Need-based, subsidized, student-borrowed
$60
PLUS: Non need-based, unsubsidized, student/parent-borrowed
$40
Nonfederal Loans
Sponsored by banks, colleges, foundations, state agencies,
student/parent-borrowed
Sources: The College Board & FRBSF Calculations
Note: Percentages shown may not sum to 100% due to rounding
DataPost
$20
$18.6
(18%)
$10.0
(9%)
$0
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach
Student Loan Dollars
Federal and Non-Federal Loan Programs
(Constant 2013 Dollars, $billions)
$140
Subsidized Stafford Loans
Unsubsidized Stafford Loans
$120
Total Loan Dollars
Perkins, PLUS, Other Federal
Nonfederal Loans
$100
$80
$60
$40
$20
$0
'00-'01 '01-'02 '02-'03 '03-'04 '04-'05 '05-'06 '06-'07 '07-'08 '08-'09 '09-'10 '10-'11 '11-'12 '12-'13 '13-'14
Sources: The College Board (Trends in Student Aid 2014) & FRBSF Calculations
DataPost
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach
Annotated Chart Notes
Adjustment
for inflation
Student Loan Dollars
(Constant 2013 Dollars, $billions)
$140
Subsidized Stafford Loans
Subsidized Stafford Loans
were 24% of total in 2013-14
versus 41% in 2000-01
Unsubsidized Stafford Loans
$120
Perkins, PLUS, Other Federal
Nonfederal Loans
$100
Total Loan Dollars
$80
Unsubsidized Stafford Loans
were 49% of total in 2013-14
versus 33% in 2000-01
$60
Nonfederal loans were
12% of total loans in 2008-09
versus 25% in 2007-08
$40
$20
$0
'00-'01 '01-'02 '02-'03 '03-'04 '04-'05 '05-'06 '06-'07 '07-'08 '08-'09 '09-'10 '10-'11 '11-'12 '12-'13 '13-'14
Sources: The College Board (Trends in Student Aid 2014) & FRBSF Calculations
DataPost
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach
What do you think?
1. What was the total for Federal Subsidized Stafford Loans in
2013-14? What percentage of 2013-14 total loan dollars
did this represent? (See slide 2)
2. What was the approximate value of total student loan
dollars in 2008-09? (See slide 3)
3. What has been the trend in total student loan dollars since
the 2000-01 academic year? (See slide 3)
4. How has the portion of Federal Unsubsidized Stafford Loan
dollars changed since 2007-08? How has the portion of
Nonfederal loan dollars changed since 2007-08? (See slide 4)
DataPost
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach