Student Loan Delinquencies at All Time High

Stu loan delinquencies hit all-time high 3rd quarter of 2012. Now for the first time jumping above credit card, car loans, and any other kind of debt consumers take on.

All this was ccording to the New York Fed, outstanding student loan debt is currently at $956 billion, “an increase of $42 billion since last quarter.” Of the $42 billion increase of debt this last quarter, $23 billion of it is new debt, while the remaining $19 billion is associated with previously defaulted student loans.

“As a result, the percent of student loan balances 90+ days delinquent increased to 11 percent this quarter,” the New York Federal Reserve Board announced Tuesday.


About defaultprevention

Default Prevention Specialist since 1998.
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