acting-man.com has some interesting discussion about debt today. Specifically, the number of student loan debtors has increased 70% in the past 10 years. The average amount owed has also increased 70%.
This is also shocking:
We have all heard that student loan delinquencies are on the rise. The latest headline number was 17%. The report shows us that this is a gross understatement. 44% of student loans are not yet due for repayment so they cannot be delinquent. Of the loans that are due now, the delinquency rate is already over 30%.