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The Recent Increase in Student Loan Debt has been Irrationally Epic
For at least the past two years, we've been hearing about the rapid rise in student loan debt in the U.S. By most measures, outstanding student loan balances are surpassed by just one other debt type: mortgages. Americans owe more for attending college than for anything else, except buying a home.
What is most stunning, however, is the growth of total outstanding loan debt over the past 11 years compared to all other debt types. Student loan growth has not followed the same pattern, and even appears to be impervious to economic forces.
More: http://www.insidearm.com/daily/student-loan-collection-news/student-loan-collections/the-increase-in-student-loan-debt-has-been-irrationally-epic/