(CNN)– According to new data, Americans cleaned up some credit card and auto loan debt to start the year.
But the debt outlook for millions of student loan borrowers was a different story.
Past-due student loans hit credit reports for the first time in five years, tanking credit scores in the process.
The Federal Reserve Bank of New York released its quarterly report on household debt and credit on Tuesday, May 13.
According to the report, total household debt increased by $167 billion during the first quarter but credit card and auto loan balances fell by $29 billion and $13 billion, respectively.