Outstanding student loan debt is on the rise, edging past a collective $ 1.5 trillion, according to the Board of Governors of the Federal Reserve's statistical release on consumer credit.The first quarter of 2018
showed outstanding student loan debt -LSB-...]
Not exact matches
Household
debt outstanding, which includes mortgages, credit cards, auto
loans and
student loans, rose $ 127 billion between July and September to $ 11.28 trillion, the first increase since late last year and the biggest in more than five years, Federal Reserve Bank of New York figures
showed Thursday.
The
loan you've co-signed for can
show up on your credit report, just like any other
debt you have... As a result, the
loan you've co-signed for can increase the size of your
outstanding debt — added to your mortgage, credit - card balances, car
loan or
student loans — when lenders are deciding whether to let you borrow more money.
The fact that the national
student loan debt was thought to be a more serious threat to the U.S. by nearly 17 percent of participants was a bit surprising, and
shows how the amount of
outstanding student loan debt in this country is quite serious.
The amount of
outstanding student loan debt has increased steadily over the past few years,
showing the average
student graduates carrying a higher load of
debt every year.