Lessons & Questions on: A2

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Questions: Student Loan Debt Surpasses Credit Card Debt

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Read the following comparison: Consumers now owe more on their student loans than their credit cards. Americans owe some $826.5 billion in revolving credit, according to June 2010 figures from the Federal Reserve. (Most of revolving credit is credit-card debt.) Student loans outstanding today — both federal and private — total some $829.785 billion, according to Mark [...]