Don't fear student loan debt. Manage your debt by knowing these facts!
Student Loan Debt (Age 30 - 39)
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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.
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Transcript of Student Loan Debt (Age 30 - 39)
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.
