NEW YORK–(ENEWSPF)–March 6, 2012. Yesterday the Federal Reserve Bank of New York released grim findings about the student debt crisis across the nation. According to the these findings, the total outstanding student loan balance now stands at about $870 billion, and as many as 47 percent of student loan borrowers appear to be in deferral or forbearance periods as of third-quarter 2011. The national policy center Demos and youth advocacy organization Young Invincibles have co-authored a new report on “The State of Young America” that uses a new national poll, databytes and extensive analysis to shed light on the many issues plaguing future generations, including the debt-for-diploma system.
