1. The Impact of Student Debt on Households and Communities Laura Choi Federal Reserve Bank of San Francisco *The opinions expressed are those of the author and do not necessarily represent those of the Federal Reserve Bank of San Francisco or the Federal Reserve System.

2. Students from lower-income households carry similar debt loads to higher-income students… Source: The College Board, Trends in Student Aid 2011. BA recipients in 2007-2008.

3. …but lower-income students are less likely to complete their degrees Source: The Education Trust

4. Unemployment persists among young adults 16-24 years 25-34 years 35-44 years Source: Bureau of Labor Statistics. Quarterly data, seasonally adjusted

5. 1.Net worth 2.Credit 3.Asset building 4.Household formation 5.Health Impact on households and communities

6. 1.Children’s savings accounts 2.Wrap around services 3.Know before you owe 4.Repayment options Potential strategies