Student loan debt tops $1 trillion

23 Oct

The issue of student debt has become a focus of the Occupy Wall Street movement, but Washington has been largely silent on the issue, after slipping a huge overhaul of student lending into the 2010 healthcare bill.

Good news, Bad news — But mostly bad news The recent reforms actually did some smart things, like cutting out the banks, which will save billions of dollars, but they did little to help those already in the hole. Moreover, recent reforms slipped into this summer’s debt ceiling deal will cut federal subsidies for graduate student loans.

Are student loans the next bubble? Total student loan debt has now far outpaced household debt and credit card debt. Below are resources and graphics. If you have an analysis to share or more resources to suggest, please contact us through the comments.

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