Student Loan Debt Outpaces Credit Card Debt

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Student Loan Debt Outpaces Credit Card Debt

sunflower seeds Rep Points:

Posted on August 10, 2010 at 4:20 am

Here's an interesting article today 8/10/2010http://www.huffingtonpost.com/2010/08/09/student-loan-debt-outpace_n_676044.html

debtsecticide Rep Points:

Posted on August 10, 2010 at 7:36 am

From that article:The Journal reports: 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. The change is due in part to Americans paying down credit card debt and increased credit card regulations, according to the Journal.