Distribution of Outstanding Education Debt by Income Quartile, 2013

Individuals currently living in households in the top quartile of the income distribution hold a disproportionate amount of education debt. Those in low-income households, who are less likely to have gone to college, hold much less education debt.

Figure 2015_19A: Distribution of Outstanding Education Debt by Income Quartile, 2013

Figure 19A represents Distribution of Outstanding Education Debt by Income Quartile, 2013. For a corresponding Section 508-compliant data table, see http://trends.collegeboard.org/student-aid.

Notes & Sources 

NOTES: Income quartiles are based on 2012 household income. The upper limits for the first three quartiles are: $25,000, $48,000, and $90,000.

SOURCES: Federal Reserve Board, Survey of Consumer Finances 2013; calculations by Matthew Chingos, the Urban Institute.

  • In 2013, households in the top quartile of the income distribution held 47% of outstanding education debt and those in the lowest income quartile held 11%.