Student Loan Statistics: Unpaid Loans In The U.S. Top 1 Trillion USDOctober 20, 2011 3:30 pm
We have written about the education-employment connection before. We spotted this today:
“Giving validation to Occupy Wall Street protests over the increasing burdens of student debt, a new report indicates that the total amount of outstanding student loans this year will exceed $1 trillion for the first time.
In addition, the amount of student loans taken out last year was greater than $100 billion, another new record, according to USA Today, citing the Federal Reserve Bank of New York.”
Read more: http://www.politico.com/news/stories/1011/66347.html#ixzz1bKuKg4Fj
Just as a comparison point – this amount is more than what Americans owe in Credit card debt.