Business Insider put up this chart based on a recent report by the Fed showing which types of debt are growing or shrinking.
Student debt is, as you guessed, keeps on growing.
Blogger Joe Weisenthal’s snarky take:
This is what it looks like when the market is so controlled and subsidized by the government, which has determined that student borrowing is A Good Thing, and can’t fall.
Of course, housing was like that too.
About the blogger
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.