Student Loan Debt Rises as Most Other Debt Falls
Take steps now if you're worried about slipping into delinquency.
August 30, 2012 RSS Feed Print
A rising percentage of borrowers are late with payments.
It's not just the heat that rose this summer: Both the total student loan debt and the percentage of borrowers who aren't making timely payments increased, too, according to the Federal Reserve Bank of New York.
In its "Quarterly Report on Household Debt and Credit," the New York Fed found that education debt totaled $914 billion as of June 30—up $10 billion from March 31. Unlike student loan debt, the amount owed on some other forms of debt, such