|
New York Fed: Student loan debt now over $1 trillionBy Stephen C. WebsterThe Raw Story Oct. 20, 2011 |
Popular 
Vice President JD Vance Reacts to InfoLib Clip of John Podhoretz Melting Down Over Iran Deal
Mark Levin, Ben Shapiro Throw a Fit Over Trump Announcing Iran Deal
Israel Lobby Seeking to Revamp U.S. Aid as 'Partnership' Immune to Political Shifts
Israel Lobby Ousts Thomas Massie From Congress in Most Expensive Primary Race in History
U.S. Must Prep to 'Welcome Large Numbers of Jewish Refugees,' Pro-War Lobbyist Mark Dubowitz Says
 The Federal Reserve Bank of New York claimed in a published report Wednesday that student loan debt in the U.S. has now surpassed $1 trillion, for the first time ever exceeding the total amount of credit card debt held by Americans. Due to the rising cost of education across the board, students are being forced to borrow almost twice as much as they were just 10 years ago, the College Board told USA Today. That’s what led to a spike in student loan amounts and drove 2010′s total loans to more than $100 billion, another new record, accounting for roughly $4,963 for every full time undergrad student. Read More 
|
