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Student loan debt exceeds credit card debt in USA

September 11, 2010 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Many college students are carrying more than a heavy class load this fall.

Total student loan debt exceeds total credit card debt in this country, with $850 billion outstanding, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com, websites that provide information about student aid and scholarships.

Consumers owe about $828 billion in revolving credit, including credit card debt, according to seasonally adjusted numbers in a report on July credit from the Federal Reserve.

By Susan Tompor, Detroit Free Press

Full Story: http://www.usatoday.com/money/perfi/college/2010-09-10-student-loan-debt_N.htm

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