Mark Britton, writing for the Huffington Post, reports that federal student loan disbursements were up $75.1 billion (25 percent) from 2008 to 2009.
By some estimates, student loans surpassed credit card debt for the first time this year.
And — like credit cards — these loans and their state and private counterparts enjoy a healthy secondary market that fosters their liquidity and keeps the loans cheap.
To avoid ruining your credit and possibly debilitating your financial future, Britton shares the biggest risks that face young people with educational debt. Click here to read more.
How are you managaing to pay off your student loans? Tell us in the comment section below.