{"id":825,"date":"2011-10-20T09:08:03","date_gmt":"2011-10-20T13:08:03","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=825"},"modified":"2011-10-20T09:17:20","modified_gmt":"2011-10-20T13:17:20","slug":"americans-student-loan-balance-now-exceeds-1-trillion","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2011\/10\/americans-student-loan-balance-now-exceeds-1-trillion\/","title":{"rendered":"Americans&#8217; Student Loan Balance Now Exceeds $1 Trillion"},"content":{"rendered":"<p><a href=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-827\" title=\"studentdebt\" src=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom-300x205.jpg\" alt=\"\" width=\"300\" height=\"205\" srcset=\"http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom-300x205.jpg 300w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom-150x102.jpg 150w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom-400x273.jpg 400w, http:\/\/therationalprogressive.com\/cms\/wp-content\/uploads\/2011\/10\/studentdebt_custom.jpg 462w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>USA Today parses through New York Federal Reserve&#8217;s latest report (pdf) on Household Debt and Credit and finds that for the first time, this year the amount of student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion.<\/p>\n<p>That means the amount of credit card debt and student debt is about equal, reports the New York Fed. USA Today reports that&#8217;s a dangerous prospect, because unlike credit card debt, student loan debt survives bankruptcy:<\/p>\n<p>via <a href=\"http:\/\/www.npr.org\/blogs\/thetwo-way\/2011\/10\/19\/141512824\/americans-student-loan-balance-now-exceeds-1-trillion?ft=1&amp;f=1001\">Americans&#8217; Student Loan Balance Now Exceeds $1 Trillion : The Two-Way : NPR<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<hr\/>\n","protected":false},"excerpt":{"rendered":"<p>USA Today parses through New York Federal Reserve&#8217;s latest report (pdf) on Household Debt and Credit and finds that for the first time, this year the amount of student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion. That means the amount of credit card debt and student debt&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16,22],"tags":[502,69,501],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/825"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=825"}],"version-history":[{"count":4,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/825\/revisions"}],"predecessor-version":[{"id":829,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/825\/revisions\/829"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=825"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}