Federal Reserve Bank of San Francisco

Community Development

Student Debt and Default in the 12th District

Author(s): Laura Choi

December 1, 2011

Community Development Research Briefs

Postsecondary educational expenses and student loan balances have been trending steadily upward, but persistent unemployment and weak economic conditions have created an alarming new trend of rising student loan defaults. This Brief examines broad trends in student borrowing in the Federal Reserve’s 12th District, with an emphasis on students from low- and moderate-income households. The rise of student borrowing has important community development implications as it directly impacts the present and future financial well-being of LMI individuals.

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