DataPost

College DebtRising Student Loan Balances

Federal Reserve Bank of San FranciscoEconomic Education Group

Date last updated: May 22, 2012

Components of Student Loansby major funding category

$0

$20

$40

$60

$80

$100

$120

$7.9

$18.2

$46.1

$39.7

Federal Subsidized Stafford LoansNeed-based, subsidized, student-borrowed

Federal Unsubsidized Stafford LoansNot need-based, unsubsidized, student-borrowed

Perkins, PLUS, & Other Federal LoansPerkins: Need-based, subsidized, student-borrowed

PLUS: Non need-based, unsubsidized, student/parent-borrowed

Nonfederal Loans Sponsored by banks, colleges, foundations, state agencies,

student/parent-borrowed

Sources: The College Board & FRBSF CalculationsNote: Percentages shown may not sum to 100% due to rounding

http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost

Student Loan Dollars2010-11 Academic Year

(Constant 2010 Dollars, $billions)

(35%)

(41%)

(16%)

(7%)

2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11$0

$20

$40

$60

$80

$100

$120Subsidized Stafford LoansUnsubsidized Stafford LoansPerkins, PLUS, Other FederalNonfederal Loans

Student Loan DollarsFederal and Non-Federal Loan Programs

(Constant 2010 Dollars, $billions)

http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost

Sources: The College Board, Trends in Student Aid 2011 & FRBSF Calculations

Total Loan Dollars

2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11$0

$20

$40

$60

$80

$100

$120Subsidized Stafford Loans

Unsubsidized Stafford Loans

Perkins, PLUS, Other Federal

Nonfederal Loans

Total Loan Dollars

http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost

Sources: The College Board, Trends in Student Aid 2011 & FRBSF Calculations

Annotated Chart NotesStudent Loan Dollars

(Constant 2010 Dollars, $billions)

Unsubsidized Stafford Loans were 41% of total in 2010-11

versus 33% in 2000-01

Subsidized Stafford Loans were 35% of total in 2010-11

versus 41% in 2000-01

Nonfederal loans were 12% of total loans in 2008-09

versus 25% in 2007-08

Adjustment for inflation

What do you think?

1. What was the total for Federal Subsidized Stafford Loans in 2010-11? What percentage of 2010-11 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 since 2007-08? (See slide 4)