USA Today reports that for the first time ever, outstanding student loans will exceed $1 trillion this year. The amount of student loans taken out last year also set a record, crossing the $100 billion mark. Students have been struggling in the face of rising tuition costs and reduced financial aid, and are borrowing twice what they did a decade ago, according to College Board. Unpaid student debt has also doubled in the past five years. The Federal Reserve Bank of New York reports that Americans now owe more on student loans than on credit cards. This emerging trend is expected to have far-reaching consequences, as unpaid loans hang over young adults when they start their careers and delay investments like buying a car, buying a home, getting married, and having children.