Thursday, September 14, 2017

Report: Student Loan Debt Reaches $1.4 Trillion - Joshua Bolkan, Campus Technology

Student loan debt in the United States has grown 149 percent over the last decade to reach $1.4 trillion, according to a new report from Experian. Over the same period, the average student loan debt per person went up 62 percent. Held by 13.4 percent of Americans, student loan debt is the fastest growing debt segment and the largest non-household debt. But, counter-intuitively, fewer people make late payments on this type of debt than on other loans. In fact, the percentage of late payments on student debt has decreased 10.1 percent since 2009. https://campustechnology.com/articles/2017/08/29/report-student-loan-debt-reaches-1.4-trillion-late-payments-decline.aspx

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