Nearly 40% of student loan payers are helping someone else pay off their student loans, a new study found. Sengchoy Inthachack/Getty Images/EyeEm hide caption
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Sengchoy Inthachack/Getty Images/EyeEm
Many people with student loans aren’t carrying the burden of their debt alone. The mountain of debt weighs down their families, too.
“Student loan repayment is really a family affair,” says Fiona Greig, director of consumer research at the JPMorgan Chase Institute.
The number of people 60 and older with student loan debt has been increasing, with many of those loans taken out by parents and grandparents to help younger family members pay for college.
Now a new study by the JPMorgan Chase Institute …
Read the full article at: https://www.npr.org/2020/10/01/918912543/a-family-affair-others-often-chip-in-to-help-pay-off-student-loans