Student Loan Debt, Delinquencies Escalate
“Zeek Miller, a 25-year-old waiter in Northwest Arkansas, hasn’t cashed a tax refund check for the past two years as it has been garnished by the federal government for delinquent student loans,” reports Kim Souza in The City Wire. “He’s among the growing class of young consumers struggling to repay an average $26,600 in student loan debt. A Feb. 28 report released by the Federal Reserve Bank of New York found that student loan debt in the United States is now approaching $1 trillion, and is the only kind of household debt that continued to rise throughout the Great Recession.”
Read the whole article originally published in: Todays News Feed.