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Report finds student loans make up growing share of severely delinquent debt

Photo by: Inside Higher Ed

The New York Fed this week presented an unsettling picture of how student loans stack up to other household debt. Defaulted student loans have surpassed all other types of household debt classified as "severely derogatory," including mortgage and credit card debt, according to a report from New York Fed researchers. Fed researchers defined severely derogatory debt as any kind of delinquent loan...

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