Chart of Student Loans Owned, Securitized and Outstanding
The following chart shows the growth in student loans between January 2006 to October 2018 in billions of dollars. In January 2006 there was 480.97 billion dollars and in October 2018 there was 1,569.35 billion dollars of student loans owned, securitized and outstanding. This is a 1,088.38 billion dollar or just over a trillion dollar increase in student loans owned, securitized and outstanding in just over a 12-year period. Even during the recession, as denoted by the shaded gray bar on the chart below, student loans continued to grow.
As of December 2018, per The Federal Student Aid website (an Office of the U.S. Department of Education), 92.80% of outstanding student loans are owned by U.S. Department of Education. According to the National Student Loan Data System, 90.9 billion of the student loans are delinquent by 31 days or greater. The amount of 90.9 billion or 5.8% delinquent loan balances would be a point of concern for any lending institution or business.