The largest share of student loan deadbeats are celebrating their 25th college reunions.
Borrowers age 40-49 have the highest proportion of loans that are at least 90 days behind, according to new data published by the Federal Reserve Bank of New York. And that's been true each quarter since 2005.
Here's a profile of who holds student loans as of the first quarter of 2012:
And then it comes to debt levels:
The explosion in student loans -- as well as mounting delinquencies -- has some experts worrying that it's the next financial bubble to pop.
The United States may be hurtling towards a fiscal cliff at the end of the year. But if the U.S. is Thelma then China is Louise. Despite continued fears about another debt ceiling debacle at the end of this year, China is buying U.S. Treasury debt like it's going out of style ... or like it's Facebook stock.
The Treasury Department released its latest figures on foreign holdings of U.S. debt MOREPaul R. La Monica - May 15, 2012 2:57 PM ET
Lots of American families are underwater...and not just on their mortgages.
About one out of every five U.S. households owe more on credit cards, medical bills, student loans and other debts not backed by collateral than they have in savings and other liquid assets, according to a new University of Michigan report published Tuesday.
The precariousness of Americans' financial situations has become increasingly on display since the mortgage crisis precipitated the Great MORETami Luhby - May 8, 2012 4:26 PM ET
Many see the troubles some are having managing their student loans as an information problem, more than a financial one.
That's because many borrowers don't know what resources are available to them to better manage their student loans. Some 27% of borrowers are behind in their payments, according to a recent report for the Federal Reserve Bank of New York.
It needn't happen in many cases, experts say. Those with federal student MORETami Luhby - Mar 30, 2012 2:31 PM ET
More than a year has passed since the ambitious Simpson-Bowles deficit reduction plan went down in flames.
In December of 2010, the plan fell short of the 14 votes required for the commission to present its recommendations to Congress for a legislative vote. Much lip service was paid to the "seriousness" of the plan. But most members of Congress gave it no serious consideration. Ditto for the White House.
Now Simpson-Bowles is MORECharles Riley - Mar 28, 2012 10:01 AM ET
Republicans desperately do not want to raise taxes on the über-rich. And Democrats certainly don't want to gut entitlement spending for the nation's most needy. But with the Bush tax cuts and Obama payroll tax cut set to expire at the end of the year, and automatic budget cuts tied to sequestration set to kick in at the beginning of next year, it's clear that Congress has to do something MOREPaul R. La Monica - Mar 22, 2012 9:17 AM ET
Like every Republican presidential candidate, Mitt Romney wants to cut a whole bunch of taxes.
Just two of the more expensive provisions would reduce revenue by more than $3.4 trillion over a decade. Meanwhile, the campaign, and the candidate, insist that the plan is "budget neutral."
So one would expect something of a plan to fill in that huge revenue hole created by the tax cuts.
The campaign says the tax cuts will MORECharles Riley - Mar 7, 2012 2:35 PM ET
China still owns a LOT of U.S. Treasury debt. But it looks like they got rid of more of it last year after Standard & Poor's stripped America of its triple-A credit rating than first thought.
Every month, the Treasury Department puts out a report showing how much foreign countries hold in U.S. securities. The latest report came out in mid-February and showed that as of the end of December, China MOREPaul R. La Monica - Mar 1, 2012 4:40 PM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.23%||4.19%|
|15 yr fixed||3.26%||3.27%|
|30 yr refi||4.22%||4.18%|
|15 yr refi||3.26%||3.26%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|