Large student loan debt could cripple economic recovery for US - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Student loan debt could cripple economic recovery

WASHINGTON (AP) -

An explosion of student loan debt is being seen as a potential threat to the fragile economic recovery.

Surging above $1 trillion, U.S. student loan debt has surpassed credit card and auto-loan debt, possibly setting the stage for a new economic crisis as it increases the burden on taxpayers.

In a still-struggling job market, the loans are tough to pay off.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

  • FOX19 HeadlinesMore>>

  • Deadly LA market shooting started with domestic feud

    Deadly LA market shooting started with domestic feud

    Monday, July 23 2018 1:25 AM EDT2018-07-23 05:25:22 GMT
    Monday, July 23 2018 11:26 AM EDT2018-07-23 15:26:54 GMT
    (AP Photo/Damian Dovarganes). A makeshift memorial of flowers, candles and notes grows on the sidewalk outside the Los Feliz Trader Joe's store in Los Angeles, Sunday, July 22, 2018. A day earlier, Trader Joe's employee Melyda Corado was shot and kille...(AP Photo/Damian Dovarganes). A makeshift memorial of flowers, candles and notes grows on the sidewalk outside the Los Feliz Trader Joe's store in Los Angeles, Sunday, July 22, 2018. A day earlier, Trader Joe's employee Melyda Corado was shot and kille...

    The violence began when the suspect shot his grandmother several times after she complained about his having too many television sets on, according to a relative.

    Full Story >

    The violence began when the suspect shot his grandmother several times after she complained about his having too many television sets on, according to a relative.

    Full Story >
  • Trump returns to 'Witch Hunt' tweets against Mueller probe

    Trump returns to 'Witch Hunt' tweets against Mueller probe

    Monday, July 23 2018 2:25 AM EDT2018-07-23 06:25:08 GMT
    Monday, July 23 2018 11:26 AM EDT2018-07-23 15:26:49 GMT
    (AP Photo/Carolyn Kaster). President Donald Trump waves as he boards Air Force One at Morristown Municipal Airport, in Morristown, N.J., Sunday, July 22, 2018, en route to Washington after staying at Trump National Golf Club in Bedminster, N.J.(AP Photo/Carolyn Kaster). President Donald Trump waves as he boards Air Force One at Morristown Municipal Airport, in Morristown, N.J., Sunday, July 22, 2018, en route to Washington after staying at Trump National Golf Club in Bedminster, N.J.

    President Donald Trump has returned to referring to "a big hoax" after a week of drama, back tracking and a double negative about his attitude toward Russian election interference.

    Full Story >

    President Donald Trump has returned to referring to "a big hoax" after a week of drama, back tracking and a double negative about his attitude toward Russian election interference.

    Full Story >
  • White House blames Iran for war of words with Trump

    White House blames Iran for war of words with Trump

    Monday, July 23 2018 12:35 AM EDT2018-07-23 04:35:01 GMT
    Monday, July 23 2018 11:26 AM EDT2018-07-23 15:26:24 GMT
    President Donald Trump issued an all-caps warning via Twitter to Iranian President Hassan Rouhani overnight. (Source: CNN)President Donald Trump issued an all-caps warning via Twitter to Iranian President Hassan Rouhani overnight. (Source: CNN)

    Trump has a history of firing off heated tweets that seem to quickly escalate long-standing disputes with leaders of nations at odds with the U.S.

    Full Story >

    Trump has a history of firing off heated tweets that seem to quickly escalate long-standing disputes with leaders of nations at odds with the U.S.

    Full Story >
Powered by Frankly