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Data from the Federal Reserve Bank
of New York’s Consumer Credit Panel /
Equifax also show student loan balances
by age group since 2003, as seen in the
graph to the right.
In 2005, the first year examined by the
Consumer & Community Context study,
the student loan balance of the under
30 and 30 – 39 year-old cohorts stood at
$290.1 billion. By 2014, the balance had
increased to $754 billion for these cohorts.
Equally pertinent to consumer credit
insofar as student debt is concerned are
the rates among different borrowers’
ages at which loans are repaid and
defaulted upon and whether the student
graduated.
The data suggest that graduation,
be it from an associate’s or bachelor’s
or higher program, reduces default.
On the other hand, default, across all
categories, as suggested by the Federal
Reserve Bank of New York’s Consumer
Credit Panel, increases with the age of
the borrower.

NAHB FEB 2019

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MARCH 2019 | GREATER SAN ANTONIO BUILDERS ASSOCIATION