Student loan repayment statistics may help young adults choose collegeThe most recent data on student loan repayment rates - more specifically, those associated with for-profit schools - has led many Americans to take a second look at the true cost of an education.The statistics gathered by the Department of Education, which show that many career colleges are pushing their recent graduates out the door with large amounts of student loan debt, may result in new legislation and college requirements. Although most may view the low loan repayment rates as a negative, the San Francisco Gate reports that some parents and college-bound children may use them as a factor when deciding on a college. "This is one more piece of the puzzle that students and families can use to help them figure out which is the right college for them. It's not the most critical piece," Institute for College Access and Success program director Debbie Cochrane told the newspaper. Separate reports reveal that student loans have now surpassed credit cards as the largest form of debt Americans now carry. To date, Americans owe $825.5 billion in credit card debt in contrast to $829 billion devoted to outstanding education loans. 
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