Sentences with phrase «average outstanding balance»
The distribution also varies by age group: for example, borrowers between the ages of thirty and thirty - nine have the highest average outstanding student loan balance, at $ 28,500, followed by borrowers between the ages of forty and forty - nine, whose average outstanding balance is $ 26,000.
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The average outstanding balance is $ 34,144, up 62 percent over the last 10 years.
We discovered that the average outstanding balance of borrowers is currently $ 26,700 (New York Fed) while the median student loan debt amount is $ 14,400.
In January 2012, the average outstanding balance on a mortgage was $ 236,000.
For loan accounts, please use your average outstanding balance amount, NOT your average line amount.
Auto loan debts in the state have an average outstanding balance of $ 15,500.
According to the Consumer Financial Protection Bureau (CFPB), the number of student loan debtors age 60 and above quadrupled from 2005 to 2015 and the average outstanding balance almost doubled to $ 23,500.
Still, with the average outstanding balance running into four figures it'll be a while before you get down to the # 5 figure.
The result is the average outstanding balance on a HELOC sits at $ 70,000, says the Financial Consumer Agency of Canada.