School Information System
Newsletter Sign Up |

Subscribe to this site via RSS: | Newsletter signup | Send us your ideas

August 23, 2011

Chart of the Day: Student Loans Have Grown 511% Since 1999

Daniel Indiviglio:

You think the housing bubble was enormous? Meet the education bubble. On Wednesday, an article here by Andrew Hacker and Claudia Dreifus explained the debt crisis at American colleges. But some startling statistics will help to make their analysis a little more tangible. The growth in student loans over the past decade has been truly staggering.

Here's a chart based on New York Federal Reserve data for household debt. The red line shows the cumulative growth in student loans since 1999. The blue line shows the growth of all other household debt except for student loans over the same period.

Posted by jimz at August 23, 2011 8:05 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas
Comments
Post a comment









Remember personal info?