Industry NewsMarkets & Economy

Soaring student loan debt to delay homeownership, boost rentals

Perspective: Real estate's December report card
Published on Dec 13, 2011

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by CareyBot

Student loan debt now totals $865 billion, which is greater than all credit card debt outstanding, as well as all other types of household debt except for mortgages.

College graduates have debt averaging $25,000. Even more troubling is the rise in debts associated with for-profit college and trade schools, whose revenues come primarily from debt available through federal government programs.

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