"Student loans are on the rise, but so is the delinquency rate on them. In the second quarter, 11.2% of student loans were more than 90 days past due and the rate was steadily rising, according to data from the Federal Reserve Bank of New York. Only credit cards had a higher rate of delinquency â 12.2% â but those numbers have been on a steady decline for the past four quarters. Younger workers have continued to face the most difficult conditions in the labor market. Workers between 20 and 24 years old have a 14.6% unemployment rate, compared to the national average of 9.1% recorded in July. That comes even as the share of 20- to 24-year-olds that are working or looking for a job is at the lowest level since the 1970s, before women entered the labor force en masse" http://blogs.wsj.com/economics/2011/08/16/more-student-loans-are-past-due/?mod=e2tw Student loans are not forgivable through bankruptcy either. Ouch!