Educational Lending - US - December 2019
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Student loan debt has reached almost $1.5 trillion in the United States, and isn’t expected to decrease any time soon. 90- day delinquencies have steadily risen in the past 10 years, yet college enrollment numbers have held steady. Consumers are clearly still interested in attending colleges and universities, but the increasing price tag might make it impossible in the coming decades.
"College tuition costs are steadily rising, and the need for student loans continues. Delinquencies are on the rise as well, and borrowers are finding it more difficult to pay down their loans than they expected. Students and parents, however, are willing to make sacrifices in order to send themselves, or their sons and daughters, to college."
- Jennifer White Boehm, Associate Director - Financial Services & Automotive
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