At least if you have car debt, you have a car....

...quite a bit of the 'college' debt is held without a degree.  Not that most degrees are worth the paper they're printed on.  And note that most is owed by the young.  Liberal, academic baby boomers have raped their kids and called it righteousness.   Hattip Phi Beta Cons

The total outstanding student-loan balance in the U.S. being greater than total outstanding credit-card debt — old news. But total outstanding student loans are now also greater than total outstanding auto loans ($870 billion vs. $730 billion). To make this matter even more rosy, $580 billion of student-loan debt is owed by people younger than 40 years old.