Student loans now $1.027 trillion and growing

Since 2004, student loans have tripled to the current balance of $1.027 trillion. In the last quarter, the debt rose by $33 billion. Loans over 90 days past due rose to 11.8% in the third quarter, up from 10.9% in the second quarter. Student loans are now 9% of all consumer debt, up from 3% a decade ago.