Student Debt as a Percentage of Total Household Debt, Q4-2014

ACADEME BLOG

The following chart shows total household debt in the United States, broken down into its major components, in the fourth quarter of 2014:

Household Debt 2014 Q4

In effect, although total household debt increased from $11.71 trillion to $11.83 trillion from the third to the fourth quarters of last year, student-loan debt remained a relatively flat percentage of that debt, repeating the pattern that occurred between the second and the third quarters of 2014:

Household Debt 2014 Q3

So, student –loan debt still accounts for the second highest portion of household debt and it continues to increase.

That it is not increasing more rapidly than the other major sources of debt is good news, but the degree to which the news is perceived as good may be mitigated by several considerations.

Over the last decade, the online for-profit institutions have been the major driver of student-loan debt because both the percentage of their students carrying loans and the…

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