Student Debt in U.S. Rises to $867 Billion, New York Fed Says – Bloomberg

Debt from educational loans in the U.S. rose to $867 billion last quarter, according to the Federal Reserve Bank of New York.

The total increased from $865 billion three months earlier, according to a report released today. The figure comprised both federally backed loans, which are secured by the U.S. government, and private borrowing. While the majority of loans are taken by students, parents also incur debt in their own name to pay for children’s colleges…

via Student Debt in U.S. Rises to $867 Billion, New York Fed Says – Bloomberg.