A Detailed Look at Student Loans

Non-housing debt balance as of Q2 2017 is at an all time high; a large component of this growth is attributed to student loans. The balance is at a whopping $1.34 trillion, doubling the amount from Q4 2008 of $0.64 trillion. Naturally, I start to wonder why student loans doubled in the last 9 years. According to New York Fed, student loans inclu…