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Student-Loan Debt Reaches Record $1 Trillion, Report Says

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Mon, 26 Mar 12 9:03 PM | 72 view(s)
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Msg. 40044 of 65535
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What a mess! The next bubble to burst...

Student-Loan Debt Reaches Record $1 Trillion, Report Says

By Janet Lorin - Mar 22, 2012 11:17 AM ET

U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study.

The figure, which is higher than the countryâ€™s credit-card debt, was probably reached â€œseveral months ago,â€ Rohit Chopra of the Consumer Financial Protection Bureau, said in a posting yesterday, excerpted from a speech he made at the Consumer Bankers Association meeting in Austin, Texas.

much more:
http://www.bloomberg.com/news/2012-03-22/student-loan-debt-reaches-record-1-trillion-u-s-report-says.html

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