Household debt levels are now approaching pre-crisis levels; instead of housing debt, consumers have accumulated more student and auto debt; student debt totaled $1.3 trillion at the end of 2016, an increase of 170% over the last 10 years; contributing factors include more students taking out loans, increased loan amounts and slowing borrower repayments; Lend Academy discusses the mounting defaults in student loan debt and the platforms that are aiming to solve the problem through various products. Source