student indebtedness

All over the world student indebtedness is causing problems. In Britain, according to a recent parliamentary report, rising university fees mean that student debt is likely to treble to $70 billion by 2015. But, partly because higher education there is so expensive. The scale of the problem is far greater in America.  When the next official estimates of outstanding  student debt there are published, it is expected to be close $ 1 trillion. Credit quality in other classes of consumer debt has been improving; delinquency rate on student loans are rising.