Student Debt Continues To Climb, Up Another $31 Billion To $1.11 Trillion Staff
Posted: May 13, 2014 1:42 PM
Student debt is growing faster than any other type of individual debt, topping $1.11 trillion in the first quarter of this year, up $31 billion in the last three months. The new data from the Federal Reserve Bank of New York shows that of the $129 billion increase in household debt from the last quarter of 2013, almost a quarter came from student debt alone. While overall consumer debt grew just over 1%, student debt grew 29%.