Student-Loan Delinquencies Rise in U.S.

Student-loan and auto loans delinquencies were the only ones that increased at the end of 2014.

The student debt has continued to rise more to more than a trillion dollars while 11.3 percent of student loans were delinquent in the final three months of 2014, up from 11.1 percent in the prior quarter.

“Although we’ve seen an overall improvement in delinquency rates since the Great Recession, the increasing trend in student-loan balances and delinquencies is concerning,” Donghoon Lee, research officer at the New York Fed, said in an e-mailed statement. “Student-loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households.”