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Student-Loan Delinquencies Surpass Credit Cards

Leb2 Wrote: Nov 29, 2012 8:34 AM
At least we should have the most educated poor people in the world.

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...