{"id":28854,"date":"2011-10-20T01:00:31","date_gmt":"2011-10-20T01:00:31","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/usa_today_student_loan_debt_hits_record_levels\/"},"modified":"2011-10-20T01:00:31","modified_gmt":"2011-10-20T01:00:31","slug":"usa_today_student_loan_debt_hits_record_levels","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=28854","title":{"rendered":"(USA Today) Student loan debt hits record levels"},"content":{"rendered":"<p>Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers.<\/p>\n<p>The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year. Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York.<\/p>\n<p>Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports. Total outstanding debt has doubled in the past five years \u201d\u201d a sharp contrast to consumers reducing what&#8217;s owed on home loans and credit cards.<\/p>\n<p><a href=\"http:\/\/www.usatoday.com\/money\/perfi\/college\/story\/2011-10-19\/student-loan-debt\/50818676\/1\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers. The amount of student loans taken<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=28854\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,149,111,593,596,137],"tags":[],"class_list":["post-28854","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-economy","category-education","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-young-adults"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28854"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/28854\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}