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Phi Beta Cons

The Right take on higher education.

Student Loans vs. Auto Loans



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The total outstanding student-loan balance in the U.S. being greater than total outstanding credit-card debt — old news. But total outstanding student loans are now also greater than total outstanding auto loans ($870 billion vs. $730 billion). To make this matter even more rosy, $580 billion of student-loan debt is owed by people younger than 40 years old.



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