MoneyTips
5 Biggest Warning Signs for Student Loan Debt
As a nation, America’s student debt load is reaching crisis proportions. The New York Federal Reserve puts the total student loan debt at over $1.52 trillion, with the delinquency rate over 11 percent.
Jumbo Student Loans Increasing — What Indebted Students Should Do
Student Loan Interest Rates Rise — What Borrowers Need to Know
Are you planning to take out student loans soon? Be prepared to pay more for the privilege.
The Current State of Student Loan Debt
America has reached a new economic milestone – or maybe a millstone – of $1.52 trillion. Which of the following does this number represent?
1. The latest contract for a professional athlete
2. Your current credit card balance
3. America’s collective student loan debt
While the first choice sounds strangely plausible, and some days you may feel like the second choice is correct, $1.52 trillion represents America’s total outstanding student loan debt as of March 2018 – according to the new consumer credit report from the New York Federal Reserve.