1 point. Which of the following is true about student debt? Large balance borrowers are the smallest fraction of borrowers, and they are the most likely to default on their debts. Large balance borrowers are the largest fraction of borrowers, and they are the most likely to default on their debts. Large balance borrowers are the largest fraction of borrowers, and they are the least likely to default on their debts. Large balance borrowers are the smallest fraction of borrowers, and they are the least likely to default on their debts. Large Balance Borrowers - Relatively small number of borrowers (12.5\%) owe more than $50k - Large balance borrowers account for half of total money borrowed FIGURE 1: NUMBER OF BORROWERS AND TOTAL DOLLARS HELD BY SIZE OF DEBT Dana1 D. Da1annan Notes: The figure on the left shows the number of borrowers (in thousands) for borrowers with more than or less than $50,000 each year. The figure on the right shows student loan dollars outstanding (in millions of 2014 dorlars). Source: 4 percent sample of the NSLDS. Who Defaults on Student Debt? - Dark blue: percent of borrowers who defaulted by loan size - Light blue: distribution of defaulted debt across loan sizes Notes: This figure shows the fraction of student loan borrowers who default and the fraction of dollars in default by balance owed. Source: 4 percent sample of the NSLDS