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Rising Student Loan Delinquency

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.

LoanDeliquency

Also, see Zero Hedge