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The burden of student loan debt in the U.S. continues to get heavier.

There are sayings like, “Living under a rock,” or “Have you been living in a cave?” to make the point that maybe you’re oblivious to recent news or events. Sadly, and kind of weirdly, those sayings could have a new meaning: Escaping student debt.

According to recent lending data published by CU Times, Bloomberg News and other news sites concerning lending trends, student loans have seen almost 157% in cumulative growth over the last 11 years. To put that into perspective, auto loan debt has grown 52% in the same time frame, while mortgage and credit card debt oddly fell 1%.

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Michael Ogden

Editor-in-Chief for CU Times.

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