Student-loan debt rises to $914 billion in 2nd quarter – Bloomberg

Student-loan debt rises to $914 billion in 2nd quarter – Bloomberg


Outstanding student debt increased from $904 billion three months earlier, the New York Fed said today in a report. The loans were taken out by students and their parents, and the majority are backed by the U.S. government.
Ninety-day delinquency rates for student loans increased to 8.9 percent from 8.69 percent in the first quarter, the New York Fed said. Since the peak in household debt in the third quarter of 2008, student-loan debt has increased by $303 billion, while other forms of debt fell a combined $1.6 trillion.
The loan totals are based on figures from a nationally representative random sample provided by the Equifax Inc. (EFX) credit bureau. 

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