Some economists are even warning it could be the next mortgage crisis
CLEVELAND -- Trying to find a job after college is scary -- but even worse these days because most new grads are swimming in debt.
New numbers shows it is getting even worse.
Some economists are even warning it could be the next mortgage crisis.
Student loan debt has now gone up nearly 60 percent in the past seven years and totals more than either credit card or car loan debt.
Student loan debt has now climbed to over $1 trillion.
In Ohio, the average college graduate owes more than $29,000 in loans.
Sixty-nine percent of Ohio graduates have debt, putting Ohio sixth in nation for student loan debt.