Student loans are the fastest growing segment of U.S. household debt, seeing alm – graduate researcher

Student loans are the fastest growing segment of U.S. household debt, seeing almost 157
percent growth since the Great Recession. Student loans have seen almost 157 percent in
cumulative growth over the last 11 years. By comparison, auto loan debt has grown 52
percent while mortgage and credit-card debt actually fell by about 1 percent, according to
a Bloomberg Global Data analysis of federal and private loans. All told, there’s a
whopping $1.5 trillion in student loans out there (through the second quarter of 2018),
marking the second-largest consumer debt segment in the country after
mortgages, according to the Federal Reserve. And the number keeps growing.
Bloomberg News, 2018.
Should congress pass a law to forgive student loans?
Is free public higher education a basic human right? Should America have tuition free
public higher education?