More Student Loans are Past Due

Phil Izzo:

Student loans are on the rise, but so is the delinquency rate on them.

On Monday Real Time Economics noted that since the depths of the recession the only type of credit to notch growth was student loans. Credit to students also stands out when looking at delinquency rates.

In the second quarter, 11.2% of student loans were more than 90 days past due and the rate was steadily rising, according to data from the Federal Reserve Bank of New York. Only credit cards had a higher rate of delinquency -- 12.2% -- but those numbers have been on a steady decline for the past four quarters.

Posted by Jim Zellmer at August 17, 2011 4:29 AM
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