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.
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.
Alex Friedrich