October 27, 2011 in Daily Bulletin
According to this article by the USA Today, the total amount of student loan debt is going to exceed one trillion dollars by the end of this year. Some of the things they point out in the article are:
- Americans now owe more on their student loans then they do to their credit cards.
- The average college student is borrowing 63% more than ten years ago.
- The percentage of people defaulting on their student loans is increasing
To read more about the current and potential issues concerning student loans, click here.
Source: USA Today