Econintersect: College loan debt is larger than either credit card debt or car loan debt. With outstanding college debt approaching $900 billion and about 1/3 of the total delinquent or in default, this is another big deleveraging problem for the U.S. There are about 26 million Americans who owe college loan debt, more than 1 million owing over $100,000.
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The following graphic from The Wall Street Journal shows how college loan debt has exploded over the last 10 years.
- Federal Student Lending Swells (Josh Mitchell, The Wall Street Journal)