A new report from the NY Fed adds to fears that soaring student loan debt is a ticking...

|By:, SA News Editor

A new report from the NY Fed adds to fears that soaring student loan debt is a ticking bomb, as it estimates as many as one out of four borrowers carry a past-due student loan balance. The report puts the latest outstanding student loan balance at $870B, more than total credit card debt ($693B) and what people owe in car loans ($730B).