Total Student Loan Debt from 2005 - 2012 by Age Group
The student loan crisis escalated further in the second quarter of 2012, as the amount of outstanding debt reached the highest level ever recorded. A new report from the New York Fedsuggests that even while the rest of household debt improved since March, driven by decreasing credit card and housing debt, student loans have worsened. Their report finds that, while overall household indebtedness declined $53 billion from the first quarter of 2012, student loan debt rose $10 billion to reach its $914 billion peak.
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