Student Loan Debt Nears Trillion Dollar Mark

Student-loans

Student loan debt, which accounts for less than ten percent of all household debt in the United States, is rising rapidly even as other types of debt decline. Since 2003, the value of outstanding student loans has more than quadrupled in absolute terms from $241 billion to $986 billion and has grown as a share of total household debt from 3.3 percent to 8.8 percent. read more...