Saturday, January 28, 2017

Seniors Aren't Exempt From Student Loan Debt Woes

  From OZY:

This isn't just a millennial problem. A new report shows that people over 60 are now the fastest-growing demographic in the American student loan market, and many are already in serious debt. Over the past 10 years, seniors' debts have quadrupled as parents and grandparents take out loans on behalf of college-age relatives. A generation ago, it wasn't common for grandparents to be involved with paying for their grandchildren's education. But now, skyrocketing school costs have left 2.8 million over-60s in debt to student loan companies.


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