Lending

"We must put a stop to this abuse of power that hurts small businesses across the country."

The loans total $150 million in debt, just a fraction of the forgiveness borrowers are seeking.

A CU Times analysis shows small- and medium-sized CUs in the Middle Atlantic states have fared worse than others in the past year.

The decision comes after student loan debt reached a record $1.465 trillion last month.

Financial experts expect affordability to continue to weigh on the housing market as long as price growth exceeds wage growth.

The record student debt level is more than double the $675 billion outstanding in June 2009 when the recession ended.