Sallie Mae Study About Rising Student Credit Card Debt

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A recent study conducted by student loan giant, Sallie Mae, concluded that a large percentage of college students have accumulated an obscene amount of credit card debt in order to pay for college credit hours. The study included approximately 1,200 college undergraduates across the country with ages ranging from 18-24.

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Consumer Lending Shares Rise Due To New Debt Plan

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According to recent reports, the share of consumer lenders and student loan providers experienced significant gains in the stock market following the announcement by government representatives that the US government would provide support and guarantees for $200 billion in consumer loans, including auto loans and student loans.

Tags: First Marblehead Corp, Sallie Mae [...]