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Student Loan Debt has Tripled in Last 8 Years

Marc_H Wrote: Mar 01, 2013 11:13 AM
1

Well, if you have a child going to college any time soon expect some major debt. Now we often hear that college loan debt is getting worse and that costs are skyrocketing, but now we have a new study proving it. According to a new report from the New York Federal Reserve, total student loan debt has tripled over the last 8 years.

The report finds a correlation between student debt and future issues with borrowing in other borrowing situations in life. For instance, the percentage of people who are buying homes and have student loan debt has fallen...