Student Delinquencies Rise...and We Don't Mean Truancies
by Kathleen Reynolds on Jul 7, 2014 | Views: 145 | Score: 3
Sources:
stlouisfed.org
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by Kathleen Reynolds on Jul 7, 2014 | Views: 145 | Score: 3
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For the 5 largest U.S. debt totals, credit cards have traditionally shown the highest delinquency rates. Yet in 2012, rapidly growing student loan debt has stolen the number one spot and claimed the highest delinquency rate, with no indication of slowing. Since 1Q 2012, 4 of 5 major debt categories have been declining in delinquency, while student loans have increased.