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.

Advertisements

About defaultprevention

Default Prevention Specialist since 1998.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s