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Student-loan delinquencies now surpass credit cards

Posted By -NO AUTHOR- On 11/30/2012 @ 12:48 am In Education,Money | No Comments

(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.

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