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September 26, 2012

Student loan debt has grown 275% in the last decade. Americans now owe more to student loans than to their credit cards.

Student loan debt is the only category of consumer debt still rising in post-recession America. It’s grown 275% in the last decade to $905 billion, more than total general consumer credit card debt. In fact, only home mortgages count for more total financial liability to American households than student debt, and an alarming 14.4% of student debt is past due.

Click above to see today’s special video with more details – and be sure to share it with the starving student in your life. Then join the discussion below: how much debt is a good education worth?