The number of older Americans taking on student debt on behalf of their children and grandchildren has quadrupled in the past decade, with consumers 60 and older now holding $66.7 billion in student loan debt, according to a new report by the Consumer Financial Protection Bureau. The skyrocketing cost of college has placed a particular burden on older Americans, many of whom are struggling to pay back growing debts in their retirement years, the report said.
Stories Related to Seniors With Student Debt Quadruple In Last 10 Years
Abha Bhattarai - The Washington Post, Portland Press Herald
Mon, 01/16/2017 - 8:35pm
Sections: u.s.
Topics: Maine Cumberland County Portland
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