Student loans now make up the largest form of household debt after mortgages. Student loan debt is one of the fastest growing forms of debt and projections indicate the debt will continue to grow. The median student loan balance is $17,000, which is consistently lower than the national average due to outliers with exceptionally large balances. When additional loans related to education such as credit card and home-equity debt are included, the median increases to $19,000.
How Does Your Student Debt Compare?
