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Lending by neighborhood income level

Income can affect whether someone needs or wants credit and whether they can obtain the credit they want. Since credit records do not contain income, we focus on neighborhood income levels.

We examine how lending activity is changing based on the income level of the Census tract where the consumer resides. We group consumers into four income levels based on the ratio between the median family income in the consumer’s Census tract and the median family income of their Metropolitan Statistical Area (for urban consumers) or of the county (for consumers residing outside of MSAs).

The group definitions include:

  • Low income (relative income less than 50%)
  • Moderate income (relative income 50-79%)
  • Middle income (relative income 80-119%)
  • Upper income (relative income 120% or higher)

This page includes interactive graphs and CSV files for:

FIGURE 3A:

Lending levels

Monitoring developments in overall activity helps us identify new developments in the markets we regulate. These interactive graphs show the number and aggregate dollar volume of new student loans opened each month. Aggregated monthly originations are displayed along with a seasonally-adjusted series, which adjust for expected seasonal variation in lending activity.

Low income (relative income less than 50%)

Volume of student loan originations for low income borrowers (relative income less than 50%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

Moderate income (relative income 50-79%)

Volume of student loan originations for moderate income borrowers (relative income 50-79%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

Middle income (relative income 80-119%)

Volume of student loan originations for middle income borrowers (relative income 80-119%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

High income (relative income 120% or above)

Volume of student loan originations for high income borrowers (relative income 120% or above)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

FIGURE 3B:

Year-over-year changes

These interactive graphs show the percentage change in the number of new student loans originated in the month, compared to lending activity from one year ago. Positive changes indicate that lending activity is higher than it was last year and negative values indicate that lending has declined.

Low income (relative income less than 50%)

Year-over-year percentage change in student loan origination volume for low income borrowers (relative income less than 50%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

Moderate income (relative income 50-79%)

Year-over-year percentage change in student loan origination volume for moderate income borrowers (relative income 50-79%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

Middle income (relative income 80-119%)

Year-over-year percentage change in student loan origination volume for middle income borrowers (relative income 80-119%)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.

High income (relative income 120% or above)

Year-over-year percentage change in student loan origination volume for high income borrowers (relative income 120% or above)

Source:
Date published: August 2018
Note: Data from the last six months are not final. The most recent data available in each visualization is for June 2018.