, student loan debt among consumers in this age group has increased 71.5% over the last five years. This means that, as of the last number-crunching session, seniors ages 60 to 69 owe $85.4 billion in student debt altogether.
Of course, sometimes seniors are left holding the bag when their child or grandchild decides to go to school. This may mean they co-signed on a private student loan for a loved one they wanted to help with college, but it can also mean they took outIt’s easy to believe senior student loan debt must not be a problem, but this couldn’t be further from the truth. As a, seniors can see their Social Security benefits garnished at a rate of 15% to pay off student loans in default.
This means senior citizens have many of the same options as their younger counterparts when it comes to dealing with student loan debt — they just have a lot less time to figure out a plan.like Pay As You Earn , Revised Pay As You Earn , Income Contingent Repayment , and Income Based Repayment let you pay a percentage of your “discretionary” income for up to 25 years before having your loan balances forgiven.
Source: Education Headlines (educationheadlines.net)
Education is an investment in our children's and therefore our country's future. All government backed student loans should be interest free. College
Many states/schools offer free/reduced tuition to senior citizens.
Anyone who takes out a loan for education is just stupid and should be held accountable. Most student loan recipients never graduate and therefore never achieve an income for their educational success. Stop giving loans to morons.
That's they hate socialism 🤑🤑🤑🤑😤😤😤😤Education should be free of charge 😛😛😛😛😛😛
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