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America owes more on student loans than credit cards

Posted at 7:47 PM, Apr 24, 2012
and last updated 2012-04-24 19:48:50-04

(WTVR) Outstanding student loans just passed a trillion dollars; in fact, Americans now owe more money on student loans, than they do on credit cards.

More and more people are being forced into debt by rising tuition costs, paired with high unemployment.

Experts say that what's compounding the student debt problem is under-employment.

A new study found more that one-out-of-every-two students is either unemployed, or under-employed- taking a job that doesn't come close to maximizing their potential.