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Tag Archives: Student Loan Debt

The Fastest Growing Household Debt for Borrowers

J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers.  “Although the financial returns from a higher education degree over a lifetime typically ...

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CFPB: Student Loan Debt Holding Back Homeownership, Economy

The burden of student loan debt is preventing potential home buyers from starting households, which in turn is hindering overall economic growth, according to Consumer Financial Protection Bureau (CFPB) director Richard Cordray at the Announcement on Public Service and Student Debt on September 23.

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Student Loan Debt Preventing Homeownership, Hampering Economy

Speaking before an audience at the Boulder Summer Conference on Consumer Financial Decision Making, CFPB director Richard Cordray spoke on the effects of student loan debt on the future of the housing market. The oft-criticized director commented on the growing $1.2 trillion of student loan debt, and how student debt will have negative ramifications on the housing market in the future.

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New York Fed Finds Increasing Debt Levels in Q1

The New York Fed recorded an increase of $129 billion in national outstanding household debt in the first three months of the year, bringing the total debt level up to $11.65 trillion. It was the third straight quarterly gain. Leading the increase was a rise in mortgage debt, which was up by $116 billion from the end of 2013, according to the bank.

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