Relevant:
- A costly lesson in student debt for young Americans -- 34 percent of all student debt saddled to those under the age of 30
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent
2012-07-14 — mybudget360.com
The student debt bubble marches closer to bursting. You now have nearly half of student borrowers not making any payments. Of those who re-entered re-payment 1 out of 4 is past due. Many are taking on the debt right now and will come out into a very weak economy that has been especially harsh on younger Americans. With $1 trillion in student debt outstanding (from less than $300 billion in 2002) this bubble is only getting worse
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