Student loans
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March 16, 2012 6:00 AM
A report from the Federal Reserve Bank of New York states that student loan delinquency rates are much higher than previous estimates. Although conventional measurements indicate around 15 percent of student loan accounts are past due, the new report suggests that as many as one in four student loan borrowers might be delinquent in repayments. In addition, total student loan balances are now at $870 billion - higher than the nation's credit card debt and higher than total car loan debt.
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