The NY Federal Reserve’s Household Debt & Credit Report shows that student debt is rising fast and is now at an all-time high. That’s a good thing, isn’t it? It shows that lots of young people are signing up for college instead of sitting around at home doing nothing or doing dead-end jobs.
But all is not well. Here are the figures on delinquent loans from the same report.
via The subprime education crisis.
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