Sentences with phrase «outstanding student loan debt exceeding»
Student loan debt is now the second highest ranked consumer loan debt, next to mortgages, according to the New York Federal Reserve, with the amount of outstanding student loan debt exceeding $ 1 trillion in March of 2012.
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But as more people have invested in college, the total amount of outstanding student loan debt exceeds auto and credit card debt.
Not exact matches
It was big news when outstanding student loan debt surpassed credit card debt and then later exceeded $ 1 trillion for the first time.
Total outstanding student loan debt is approaching 1.5 trillion dollars, exceeding credit card debt, exceeding auto loan debt.
As of September 2014, outstanding federal student loan debt exceeded $ 1 trillion, and about 14 percent of borrowers had defaulted on their loans within 3 years of entering repayment, according to Education data.
Total student loan debt outstanding exceeded total credit card debt outstanding for the first time in June 2010.
It is believed that these issues contributed to the student loan situation which exceeds $ 1.4 trillion in outstanding debt (with close to 25 % in default or delinquency).