1. (n.) The act of vindicating, or the state of being vindicated; defense; justification against denial or censure; as, the vindication of opinions; his vindication is complete. 1  2. (n.) The claiming a thing as one's own; the asserting of a right or title in, or to, a thing.
Almost identical to the size of the average student debt: $27,000. Over 10 years, a typical term for a student loan, the average debt of $28,200 will require a monthly payment of $284 a month at the current federal loan rate of 3.86% According to Experian, the average new car loan today has a monthly payment of $471. Getting into college is hard enough.
While the share of subprime loans seems under control so far, such unprecedented borrowing is nonetheless adding to Americansâ debt loads. Americans had $886 billion in outstanding auto loans in the fourth quarter of 2014. Thatâs up nearly 23 percent from the same period two years ago, according to recent data from credit agency Experian. Related: Car Companies Grab Loan Business from Banks. The average loan amount also hit its highest level on record at $28,381, up more than $950 from a year ago.