Student loan debt compared to consumer revolving credit
Overview
The graph shows the rise of student debt compared with consumer revolving credit, or credit card debt, from 2006 to 2017. It shows that student loan debt has tripled during that time period, while consumer revolving credit has remained relatively stable in comparison. The graph indicates that there is a student debt crisis and it is included on the web page to illustrate the need for affordable learning materials.
Values
Numerical values presented on the image.
Consumer Revolving Credit and Student Loan Debt per year (in billions of dollars)
|
Period |
Consumer Revolving Credit |
Student Loan Debt |
|
2006 |
About 850 |
Slightly less than 500 |
|
2007 |
Slightly more than 900 |
Slightly more than 500 |
|
2008 |
1,000 |
600 |
|
2009 |
1,000 |
Slightly more than 650 |
|
2010 |
Slightly more than 900 |
About 750 |
|
2011 |
Slightly less than 850 |
Slightly more than 850 |
|
2012 |
About 850 |
About 950 |
|
2013 |
850 |
1,050 |
|
2014 |
850 |
1,150 |
|
2015 |
900 |
Slightly more than 1,200 |
|
2016 |
950 |
Slightly more than 1,300 |
|
2017 |
1,000 |
1,400 |
Presentation
The line graph represents the amount of student debt and the amount of consumer revolving credit in billions of dollars over a 12-year time period. Student loan debt is represented by a steadily increasing purple line, while consumer revolving credit is represented by a yellow line that dips and peaks slightly from year to year, but remains relatively stable over time.