Although interest rates on new-vehicle loans have risen to their highest level in a decade, and monthly payments continue to climb to record heights, the industry alarm bells that sounded during the Great Recession are much softer.
The economy remains strong, consumers are still buying vehicles and delinquency rates are manageable. But in a market in which vehicles — and the costs that come with them — are becoming prohibitively expensive, strain from another industry is adding pressure to U.S. auto sales.
Higher-education costs have skyrocketed in the U.S., fueled by complicated loan programs that segment the total cost of learning and spread the debt burden for decades after the diplomas are distributed. As a result, college grads ar…
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