Student Debt Increasing Record Rates Due to Recession

April 2, 2010 | Category: Student Loans

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Student loans are up about 50% since 2007 according to data from Equifax credit bureau according to Reuters. This will create negative long-term consequences for the housing and auto markets.

According to Dann Adams, president of Equifax’ U.S. Consumer Information Solutions

“We’ve never seen these levels of debt for student loans”

“This generation of students will be less able to buy their first home given their debt load”

Read the full story Recession spurs student lending in U.S