Student Loan Delinquency Rates Keep Going Up
Student loan debt continues to both grow in size and deteriorate in quality, while total US debt moves in the opposite direction
Both student loan debt and student loan delinquency rates continue to grow, according to fourth quarter data released by the New York Fed. Even though delinquency rates in general have stabilized since the crisis and the US has less debt overall, student loan continues to buck both of those trends signaling the need for some kind of change.
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