Student Loan Debt Growth Relative to Student Borrowers
$1.71
$1.57
$1.51
$1.42
$1.36
$1.28
$1.21
$1.12
$1.02
$0.93
$0.76
$0.67
$0.59
0.45
$0.52
0.42 0.43 0.43 0.43
0.40 0.41 0.42
0.37 0.38
0.34
0.28 0.3 0.32
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cumulative Debt (in trillions) Indebred Federal Borrowers (in hundred millions)
Borrowing Per Student Is Increasing
Who Owes the Most? Distribution of total student debt by level of household net worth (percentile) 58%
17%
15%
6%
3% Bottom 25% 25% to 50% 50% to 75% 75% to 89% Top 10% Net worth= <$8,500 Net worth= $8,500 to $79,000 Net worth= $79,000 to $311,00 Net Worth= $311,000 to $983,000 Net worth= >$983,000 Sources: Pew Research Center, Federal Reserve Bulletin The Poorest Students Borrow the Most
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