Student Loans Now Have the Highest Delinquency Rate Among All Major Consumer Credit Asset Classes

File under: Getting kids hooked on debt and irresponsible, early in life.

There is about 1.2 trillion dollars worth of student loans outstanding with all but 15% of that owned or guaranteed by the government. The chart below shows the student loan amount held directly by the federal government. That balance is rising at about $110 bn per year, reports Sober Look.