Oklahoma ranks high for student loan debt

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Updated: 3/21/2013 11:09 am Published: 3/21/2013 11:08 am

The U.S. Department of Education says Oklahoma has one of the highest student loan default rates in the nation.

A report from the Federal Reserve Bank of New York also shows student debt is approaching $1 trillion, making it the 2nd largest balance behind mortgage debt. They say 1/3rd of those in debt are under 30.

Mortgage, credit card and car debt in that same age group are all going down.

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