US student loan debt recently hit $1 trillion as students struggle to pay soaring tuition costs. Worse, student indebtedness is growing not only due to new loans but also due to graduates who are unable to make their payments and thus see their balances rise. By contrast, total credit card debt has fallen to $800 billion, from $958 billion in ’08. This huge debt load will probably depress home ownership rates among Gen X’ers and Y’ers.