For at least the past two years, we’ve been hearing about the rapid rise in student loan debt in the U.S. By most measures, outstanding student loan balances are surpassed by just one other debt type: mortgages. Americans owe more for attending college than for anything else, except buying a home.
Wait, what about auto loans? Nope. Even though cars are expensive and more Americans own a car than have attended college, student loan debt is higher.
Credit cards? At one point recently, yes, total credit card debt outstanding was higher. But the near-collapse of the financial system took care of that.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
