- WND - http://www.wnd.com -

Student-loan delinquencies now surpass credit cards

(CNBC) Even as the economy shows signs of improvement, a record share of Americans are falling behind on their student-loan payments.

The proportion of U.S. student loan balances that are in delinquency — that is, unpaid for 90 days or more — surpassed that of credit-card balances in the third quarter for the first time, according to the Federal Reserve Bank of New York.