The student loan crisis: A look at the data

This table provides tabulations of the number of borrowers, the amounts borrowed, and characteristics of first-time borrowers (borrowers who take out loans for the first time in the specified year). Sample includes undergraduate, graduate, and parent borrowers. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table provides tabulations of the number of borrowers, borrowing amounts, and characteristics of all active borrowers (borrowers who have taken out new loans) by fiscal year. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table provides tabulations of the stock of borrowers and stock of loans each fiscal year, and the characteristics of borrowers with outstanding loans. The sample includes all borrowers with an outsanding balance, including those who are in repayment and who have not yet entered repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by first institution attended.

This table provides tabulations of the stock of borrowers and stock of loans each fiscal year, and the characteristics of borrowers with outstanding loans. The sample includes all borrowers with an outsanding balance, including those who are in repayment and who have not yet entered repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by LAST institution attended.

This table shows labor market outcomes for undergraduate and graduate borrowers (not parents) after they have entered into repayment by fiscal year entered repayment. A borrower is defined as entering repayment when the last loan goes into repayment. Repayment year (cohort) is defined by the year in which a borrower enters repayment. The source if a 4% sample of the NSLDS matched to deidentified tax data. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by First institution attended.

This table shows labor market outcomes for all borrowers in repayment each fiscal year (regardless of which year they entered repayment). The source if a 4% sample of the NSLDS matched to deidentified tax data. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by First institution attended.

This table shows the flow of borrowers into the loan program (new borrower), out of enrollment and into repayment (entered_repayment), and out of the loan program when their loans are paid (paid_off). The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table shows borrowing and repayment outcomes by student and by institution. Cohorts are defined by the year in which the borrower last enters repayment. Institution is the FIRST institution the student borrowed to attend (and thus not necessarily where the loans were accumulated). A borrower is defined as entering repayment when the last loan goes into repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table shows borrowing and repayment outcomes by student and by institution. Cohorts are defined by the year in which the borrower last enters repayment. Institution is the last institution the student borrowed to attend (and thus not necessarily where the loans were accumulated). A borrower is defined as entering repayment when the last loan goes into repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). This is the source for Table 5.

This table shows borrowing and repayment outcomes for student borrowers by institution and by loan. Borrowers/balances/outcomes are based on the loans originated at each institution. Cohorts are defined by the year in which each loan enters repayment. (In contrast to other institution/umbrella sheets, this conforms roughly to how the Department of Education forms cohorts for CDR rules. However, the official 3-year CDR is defined over a 3-year fiscal year period, whereas the years defined below are defined by 365 periods subsequent to entering repayment.) A borrower can thus appear in multiple years or at multiple schools. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table shows borrowing and repayment outcomes by student and by “umbrella” institution (in which individual institutions are aggregated to their parent organization, like the UC System or EDMC). Cohorts are defined by the year in which the borrower last enters repayment. Umbrella institution is the first institution the student borrowed to attend (and thus not necessarily where the loans were accumulated). A borrower is defined as entering repayment when the last loan goes into repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table shows borrowing and repayment outcomes by student and by “umbrella” institution (in which individual institutions are aggregated to their parent organization, like the UC System or EDMC). Cohorts are defined by the year in which the borrower last enters repayment. Umbrella institution is the LAST institution the student borrowed to attend (and thus not necessarily where the loans were accumulated). A borrower is defined as entering repayment when the last loan goes into repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table shows borrowing and repayment outcomes for student borrowers by parent/umbrella institution and by loan. Borrowers/balances/outcomes are based on the loans originated at each institution. Cohorts are defined by the year in which each loan enters repayment. (In contrast to other institution/umbrella sheets, this conforms roughly to how the Department of Education forms cohorts for CDR rules. However, the official 3-year CDR is defined over a 3-year fiscal year period, whereas the years defined below are defined by 365 periods subsequent to entering repayment.) A borrower can thus appear in multiple years or at multiple schools. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table provides tabulations of the student loan outcomes and characteristics of borrowers who enter repayment in each specified fiscal year. A borrower is defined as entering repayment when the last loan goes into repayment. (Thus each borrower appears only once in the sample. In contrast, official cohort default rate measures may include borrowers multiple times if their loans enter repayment in multiple years or from more than one school). Sample includes only undergraduate or graduate borrowers (not parents). The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by First institution attended.

This table shows loan repayment outcomes for PARENT PLUS borrowers by the fiscal year when the LAST LOAN goes into repayment. (Because parent loans enter repayment upon disbursement but may be deferred while the student is in school, the gap between when the loan enters repayment and when payments begin may be large. This classification roughly corresponds to when the last loan is disbursed and is thus closer to when in-school deferment ends). The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015). Tabulations by type, control, selectivity are by LAST institution attended.

This table provides tabulations of parent plus loan outcomes that enter repayment in each specified fiscal year. The unit of analysis underlying the tabulations is the person-institution-fiscal year (as in official cohort default rates). Note parent loans enter repayment in the year they are disbursed. Borrowers may appear at multiple schools or in multiple years depending on where they borrowed and when loans entered repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table provides tabulations of undergraduate loan outcomes that enter repayment in each specified fiscal year. The unit of analysis underlying the tabulations is the person-institution-fiscal year (as in official cohort default rates). Borrowers may appear at multiple schools or in multiple years depending on where they borrowed and when loans entered repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).

This table provides tabulations of graduate loan outcomes that enter repayment in each specified fiscal year. The unit of analysis underlying the tabulations is the person-institution-fiscal year (as in official cohort default rates). Borrowers may appear at multiple schools or in multiple years depending on where they borrowed and when loans entered repayment. The source if a 4% sample of the NSLDS. Further details on variable construction are given in the appendix of Looney and Yannelis (2015).