Student loan balances jump nearly 150 percent in a decade

Personal Finance

“Student loan balances are on the rise, which is a result of the increasing cost of higher education,” said Michele Raneri, Experian’s vice president of analytics. “I expect that the price of getting a higher education will continue to increase, so I wouldn’t be surprised if the loans increase also,” she said.

Still, delinquencies are down 3 percent since 2007, Raneri said, “which means that consumers are managing their student loan payments better than they have in the past,” in part because they’re better educated about credit in the aftermath of the Great Recession, she said.

Source link

Products You May Like

Articles You May Like

Homeowners to start tapping $14.4 trillion in equity, research says
Investors can get tax breaks for investing in opportunity zones: Treasury
CBS should hire a woman as new CEO: suggestions from industry insiders
UnitedHealth shares rise after posting rise in third-quarter profit
Netflix surges amid price target increases

Leave a Reply

Your email address will not be published. Required fields are marked *