According to the Federal Reserve Bank of New York, student loan delinquency is increasing. From Q3 to Q4 2014, the number of student loans that were more than 90 days overdue lept from 11.1% to 11.3%. That alone is a notable increase, but a look even further back reveals a much more distressing picture.

Until 2009, student loans accounted for the least amount of debt when compared to auto loans, credit cards, and home equity lines of credit. But in less than a year, student debt rose above all of those other categories and has continued to climb ever since. Over the past 10 years, students have allowed their collective debt to rise from $350 billion to a whopping $1.15 trillion.

In contrast, Americans have actually been able to pay off more of their other debt. Mortgages, auto loans, and home equity lines of credit all have delinquency rates around one-third of student loans. This discrepancy is likely due to the fact that student loans never go away – not even in bankruptcy. This can cause the debt to linger on credit reports for ages.

Another factor that has led Americans to borrow more for education is the way that a degree is