Student loans can help fund college expenses, yet create a future financial burden for students when in repayment. Currently, the total of student loans 90 days or more delinquent is at a record high of $124.3 billion – an increase of more than $3 Billion since last quarter. Possible reason for the delinquency can include the growing underemployment rates for new college grads, increasing college costs, a mismatched major choice with emerging career prospects and a less-than-complete search for colleges.
Also, see Zero Hedge
