Washington — The Federal Reserve reported that U.S. consumer borrowing rose $18.2 billion in February to a record $2.8 trillion. Nearly all of the gains were in the category that covers student and auto loans, which grew from $11.1 billion in January to $17.6 billion in February.
The Fed’s report doesn’t separate auto from student loans, but according to data compiled by the Federal Reserve Bank of New York, student loan debt has been the biggest driver of borrowing since the recession ended in June 2009.











