Student Loans, Credit Cards, and Auto Loans
Outstanding student loan balances increased by $31 billion, and stood at $1.31 trillion as of December 31, 2016.
11.2% of aggregate student loan debt was 90+ days delinquent or in default in 2016Q42.
Auto loan balances increased by $22 billion, continuing their steady rise. Auto loan delinquency rates deteriorated again, with 3.8% of auto loan balances 90 or more days delinquent on December 31, 0.2% above last quarter.
Credit card balances increased by $32 billion, to $779 billion, while 90+ credit card delinquency rates were unchanged at 7.1%.