Discussion Paper

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

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.

https://doi.org/10.17016/2380-7172.3826

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-06-26

Number: 2025-06-26-2