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

Lowe’s (LOW) earnings Q4 2019 fall short on sales
JC Penney (JCP) reports fourth quarter 2019 earnings
List of English pubs recognized by Historic England
Macy’s (M) earnings Q4 2019
Ferrari halts tours and closes two museums in Italy over virus fears

Leave a Reply

Your email address will not be published.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