Apr 07, 2016

Chart: Are Americans Paying Back Their Student Loans?

From WSJ:

NA-CJ712_STUDEB_9U_20160406180309

Questions (should read the article accompanying this chart):

  • What type of loan is now the largest type of consumer debt?
  • What are some consequences of defaulting on a student debt?
  • Does interest continue to accrue on a loan that is being postponed?
  • What are the various repayment options available on federal student loans?
  • What headline would you create to describe the current situation?
  • What are the criteria to qualify for a federal student loan?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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