Trends in Published Tuition and Fees, (2010 Dollars)

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Presentation transcript:

The Rhetoric and Reality of Student Debt Elizabeth Akers Brookings Institution

Trends in Published Tuition and Fees, 1964-2013 (2010 Dollars) Source: Digest of Education Statistics 2013, Table 330.10

Trends in Debt over Time, 1989-2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt.

Distribution of Debt, 2010 and 2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt. All amounts are in 2010 dollars.

Average Debt by Educational Attainment, 1989-2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt. All amounts are in 2010 dollars.

Borrowing and Wage Income, 1992-2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt. All amounts are in 2013 dollars

Monthly Payment-to-Income Ratios, 1992-2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt, wage income of at least $1,000, and that were making positive monthly payments.

Incidence of High Payment-to-Income Ratios, 1992-2013 Source: Akers and Chingos (2014), Survey of Consumer Finances Notes: Based on households age 20-40 with education debt, wage income of at least $1,000, and that were making positive monthly payments.

Homeownership Rates of Young Households by Education Debt Source: Akers (2014), Survey of Consumer Finances Note: Based on households age 28-32

Survey Respondent Estimates Relative to Actual Values, Selective Public University

Respondent Estimates of Debt Relative to Actual Values, U.S. Students