Friday, June 1, 2012

Student Loan delinquencies continue to grow

The amount of student loan debt and deliquencies in America is growing, and shows no sign of stopping.  In a new report from the Wall Street Journal, first quarter deliquencies for people owing student loan debts surged to 8.7%.  This means more than nearly 10%, or $100 billion dollars in debt is now more than 90 days delinquent.



Student Loans 90+ days delinquent surged in Q1 to 8.7% - near its peak crisis highs and remains above peak mortgage delinquency rates.

Student Loan Debt is growing while the rest of the household sector is delevering... - Zerohedge
With today new jobs report coming out as Epic Fail, the graduating classes of 2012, which many have already done in May, will only increase this percentage of delinquency within six months when these loans require paybacks.

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