Saturday, 9 April 2011

Student-Loan Debt Surpasses Credit Cards

http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/


Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today — both federal and private — total some $829.785 billion, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com.

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