Student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion for the first time, according to a worrying new report.
The New York Federal Reserve's latest report on Household Debt and Credit finds that American students’ debt and credit card debt will be almost equal.
However, unlike credit card debt, student loan debt survives bankruptcy: The credit risk means young people will start adult life deeper in debt, a burden that could weigh down the economy in the future. Read Full Story
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Top Stories:
Student Loan Debt Help Articles
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What to Know About Student Loans
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