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Student-Loan Delinquencies Surpass Credit Cards

AudiR10 Wrote: Nov 29, 2012 3:45 PM
Stand back and let it crash. At this point, that's the only way to stop the juggernaut that is overwhelming people who insist on graduating in Museum Studies or Gender Identity in Rock and Roll from borrowing themselves to death to fund Playskool.

As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans.

The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards.

The proportion of U.S. student loan balances that are in delinquency — that is, unpaid for 90 days or more — surpassed that of credit-card balances in the third quarter for the first time, according...