While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable.

That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of New York’s Center for Microeconomic Data.

The report showed total household debt increased by $185 billion (1%) during the second quarter to $18.39 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

“This quarter’s flow of household debt into serious delinquency was mixed across debt types, with credit card and auto loans holding steady, student loans continuing to rise, and mortgages edging up slightly,” said Joelle Scally, economic policy advisor at the New York Fed. “Despite the recent uptick in mortgage delinquency, overall mortgage performance remains strong by historical standards.”

Analysts indicated outstanding student loan debt stood at $1.64 trillion in Q2.

The New York Fed recapped that missed federal student loan payments that were not previously reported to credit bureaus between Q2 2020 and Q4 2024 are now appearing in credit reports. Consequently, student loan delinquency rates continued to rise, according to the New York Fed.

In fact, analysts said 10.2% of aggregate student debt was reported 90 days or delinquent during the second quarter.

Meanwhile, the transition into early delinquency held steady for auto financing during Q2, as the New York Fed watched it edge up year-over-year from 2.88% to 2.93%.

Analysts added that auto loan balances also increased by $13 billion and totaled $1.66 trillion at the close of Q2.