Delinquent US student loans hit record high, with over $100 billion past due

Source: rt.com Posted By: Benny Penito..4226 days ago

The number and value of overdue student loans has reached an all-time high in the US as nearly a third of 20- to 24-year-olds are currently unemployed, according to a report by the Department of Education.

With continued concern regarding rising college costs, the amount of outstanding student loans has now reached $1 trillion, making that the largest category of consumer debt in the US aside from home mortgages.

According to the new report, eleven per cent of school loans - one hundred and....

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