The Student Debt Explosion

As the figure shows, the share of Americans that have graduated college has steadily grown to a current high of 32%.  And, student debt has exploded.  It now stands at approximately $1 trillion, significantly higher than credit card debt and home equity loans (which are loans secured by a second mortgage).  Student debt is now second only to housing debt.
Of course, debt is only one side of the problem.  Lack of good employment is the other…
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The Student Debt Explosion

As the figure shows, the share of Americans that have graduated college has steadily grown to a current high of 32%.  And, student debt has exploded.  It now stands at approximately $1 trillion, significantly higher than credit card debt and home equity loans (which are loans secured by a second mortgage).  Student debt is now second only to housing debt.

Of course, debt is only one side of the problem.  Lack of good employment is the other