Relevant:
- 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.
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- A costly lesson in student debt for young Americans -- 34 percent of all student debt saddled to those under the age of 30
- The looming student loan bubble -- Almost half of all student borrowers were not making payments.
- Senior citizens continue to bear burden of student loans
2012-09-04 — mybudget360.com
The student debt bubble has now reached a tipping point. Student debt now makes up over 8% of all household debt. It is the only segment of debt that has risen since the peak of the debt crisis (all other segments are down $1.6 trillion since 2008 but student debt is up $303 billion). The big change is now being seen in spiking delinquent loans
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