Introducing New Detail on the Racial Composition of Families in the 2022 Survey of Consumer Finances: Implications for the Distribution of U.S. Student Loan Debt

Sarena Goodman and Eva Ma
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Sarena Goodman: https://www.federalreserve.gov/econres/sarena-f-goodman.htm

No 2025-06-26-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Student loan debt is the second-largest liability on U.S. household balance sheets, next after mortgages (Federal Reserve Bank of New York, 2025). While the availability of student loans can open educational opportunities that might not have otherwise existed, many borrowers struggle with repayment and may see their credit records damaged or wages garnished if they fall behind.

Date: 2025-06-26
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-06-26-2

DOI: 10.17016/2380-7172.3826

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