9:58 am September 28, 2012, by David Markiewicz
Nearly one out of every five U.S. households _ 19 percent _ owed some student debt as of 201o, an increase from 15 percent in 2007, just before the onset of the recession, the Pew Research Center said.
Pew, using government data, also determined that 40 percent of all households headed by a person younger than 35 have student debt, a record.
The relative burden of student debt is greatest for households in the bottom fifth of income, even though people in this group are less likely to attend college.
Since the recession, student debt has increased in nearly every demographic and economic category.
The average outstanding student loan balance for those with the debt increased to $26,682 in 2010 from $23,349 in 2007.
In 2007, 10 percent of student debtors owed more than $54,238. By 2010, 10 percent owed more than $61,894, adjusted for inflation.
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