The Volume and Repayment of Federal Student Loans: 1995 to 2017
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| Title: | The Volume and Repayment of Federal Student Loans: 1995 to 2017 |
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| Language: | English |
| Authors: | Burk, David, Perry, Jeffrey, Congressional Budget Office |
| Source: | Congressional Budget Office. 2020. |
| Availability: | Congressional Budget Office. Ford House Office Building 4th Floor, Second and D Streets SW, Washington, DC 20515-6925. Tel: 202-226-2809; e-mail: publications@cbo.gov; Web site: http://www.cbo.gov |
| Peer Reviewed: | N |
| Page Count: | 25 |
| Publication Date: | 2020 |
| Document Type: | Reports - Evaluative |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Federal Aid, Student Loan Programs, Federal Programs, Loan Repayment, College Students, Debt (Financial), Loan Default, Change, Public Policy, Federal Legislation |
| Laws, Policies and Program Identifiers: | Stafford Student Loan Program, Federal Direct PLUS Loan Program |
| Abstract: | The volume and number of federal student loans, which provide financing to make higher education more accessible, have grown over the past few decades. In 2017, the most recent year for which detailed information was available, $96 billion in new federal student loans was disbursed to 8.6 million students, compared with $36 billion (in 2017 dollars) disbursed to 4.1 million students in 1995. Between 1995 and 2017, the balance of outstanding federal student loan debt increased more than sevenfold, from $187 billion to $1.4 trillion (in 2017 dollars). In this report, the Congressional Budget Office examines the factors that contributed to the growth in the volume of student loans and the effects of changes to student loan policy on borrowing and repayment. |
| Abstractor: | ERIC |
| Entry Date: | 2021 |
| Accession Number: | ED610721 |
| Database: | ERIC |
| Abstract: | The volume and number of federal student loans, which provide financing to make higher education more accessible, have grown over the past few decades. In 2017, the most recent year for which detailed information was available, $96 billion in new federal student loans was disbursed to 8.6 million students, compared with $36 billion (in 2017 dollars) disbursed to 4.1 million students in 1995. Between 1995 and 2017, the balance of outstanding federal student loan debt increased more than sevenfold, from $187 billion to $1.4 trillion (in 2017 dollars). In this report, the Congressional Budget Office examines the factors that contributed to the growth in the volume of student loans and the effects of changes to student loan policy on borrowing and repayment. |
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