Here are our top student debt chart picks that help visualize the severity of the student loan crisis:
1. Student debt by State: Per borrower regional debt, shows concentration of debt in the north and southeast. Current 2014 borrowers’ average debt at graduation ranges from $18,656 to $32,795.
2. Student Loan Percentage of Total Financial Assets: Student loans comprise 45.3% of total federal assets, up from 37.2% at the end of 2012. This is roughly 6.3 times larger than the percent of Total Mortgages outstanding.
3. Student Debt by Household Net Worth: Those with a total net worth of less than $8,500 (bottom 25% of nations wealth) are shouldering almost 60% of the nation’s student debt burden. More recent studies have shown an increased impact on upper middle class families that are trying to pay for university.
4. Loan Balance Percent of Income: In 2012, the median salary for workers with a bachelor’s degree was $46,900 a year while the average student loan balance for people under 30 years old was $21,400. Even with adjustment for inflation, average student debt increased 35% since 2005.
5. Debt by Advanced Degrees: Graduate students are estimated to account for around 40% of the $1.2 trillion in outstanding student loans even thought they make up only 14% of all university enrollment. Within an eight year time span, the prices for an advanced degree have increased considerably.
6. Delinquency by Loan Type: Approximately 13.7% of student loan borrowers defaulted on their loans within three years of entering repayment. Over the past several quarters, student loans have outcompeted all other loan types for the highest delinquency rate.
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