Tuesday, April 03, 2012
U.S. student loan debt has surpassed credit card and auto-loan debt, reaching over $1 trillion.
With a still-wobbly jobs market, these loans are increasingly hard to pay off. Unable to find work, many students have returned to school, further driving up their indebtedness.
Average student loan debt recently topped $25,000, up 25 percent in 10 years. And the mushrooming debt has direct implications for taxpayers, since 8 in 10 of these loans are government-issued or guaranteed.
Read more at The Statesman Journal.