Student Debt Likely to Grow to 7.7% of USA Gross Public Debt by 2020

by EconMatters Student loan debt is surging, partly boosted by many who became unemployed during the Great Recession going back to school hoping for a better job prospect.  An analysis by the Federal Reserve Bank of New York (FRBNY) showed that student loan debt stands at $870 billion nationally, surpassing the nation’s outstanding balance on …