Bloomberg by the Numbers: $956 Billion

Photograph by Butch Dill/AP Photo

Students attend graduation ceremonies at the University of Alabama in Tuscaloosa.

That’s the total outstanding student loan debt in the U.S. in the third quarter, according to a report yesterday from the Federal Reserve Bank of New York.

Student loan debt rose by $42 billion from the previous quarter.

About 11 percent of student loan balances are at least 90 days delinquent.

Total household debt fell by $74 billion, or 0.7 percent, to $11.3 trillion because of decreases in mortgage debt and home-equity lines of credit, the report showed.

Mortgage debt accounted for 71 percent of total consumer debt, followed by student loans at 8.5 percent, auto loans at 6.8 percent and credit-card balances at 6 percent.


What do you think about this article? Comment below!