Student loan debt is crushing college graduates

Student loan debt is crushing college graduates

POSTED: Friday, March 16, 2012 - 10:30pm

UPDATED: Thursday, September 20, 2012 - 10:55am

The weight of student loan debt is crushing college graduates.

Outstanding loans now stand at about $870-billion dollars, according to "Forbes."

That’s more than credit card debt, which numbers $693-billion.

Forbes cites a paper from economists at the New York Federal Reserve, who analyzed consumer credit data from Equifax to get those figures.

They found that nearly 30-percent of student loan borrowers have overdue balances, while 21-percent are delinquent.
 

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