Student loan debt tops $1.4 trillion – WASHINGTON EXAMINER

The giant mountain of student loan debt keeps getting higher.

Total student loan debt grew to $1.41 trillion at the end of the first quarter, the Federal Reserve Bank of New York reported Thursday, up $29 billion from the last count.

The growth in student debt came as part of a broader swell in household debt. Total debt hit $13.31 trillion, about half a trillion more than the previous peak in 2008, just as the mortgage bubble collapsed.

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