Debt Collector on Student Loans Made $454K in a Year

...that's more than Americans owe on their credit cards

(NEWSER) - America?s total outstanding student loan debt will cross the $1 trillion threshold for the first time this year, putting those loans ahead of credit cards as the country?s biggest source of debt, USA Today reports, citing figures from the Federal Reserve Bank of New York. Student lending has doubled over the past 10 years, even after adjusting for inflation. Students took out more than $100 billion in new loans last year, the first time they?ve crossed that line. More?

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