Large student loan debt could cripple economic recovery for US - Cincinnati News, FOX19-WXIX TV

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.)

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