Student Debt Is Eating Your Household Budget
The loans now represent 11¢ of every dollar Americans owe.
Millennials, Don't Worry. You'll Be Able to Retire.
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Student debt has more than tripled as a share of total debt owed by U.S. households in less than 15 years, new data show.
Student loans made up just 3.3 percent of total household debt in 2003, for a sum of $240.7 billion, according to estimates on Wednesday by the Federal Reserve Bank of New York. That sum is now about $1.3 trillion, or about 10.6 percent of all U.S. household debt.1495059764780