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Older Americans Are on the Front Line of the Student Debt Crisis

‘I never expected to have to have a loan at this age,’ says a 60-year-old who borrowed about $30,000 to go back to school later in life and owes $70,000 today.

Bloomberg business news
Older Americans Burdened by Student Debt

It’s hard enough to pay off college loans out of a salary. It doesn’t get any easier when you retire.

The fastest-growing chunk of the U.S.’s $1.7 trillion student-loan pile is the one held by the oldest borrowers. There are now about 8.7 million Americans aged over 50 who are still paying off college loans, and their debt has increased by about half since 2017.