By now, youre probably well aware that student loan debt has become a national crisis. Over 44 million borrowers owe more than $1.5 billion collectively at last count, and the student loan delinquency rate (loans 90+ days rate) remains relatively high at 11.4%. Worse, more than 609,000 souls owe more than $200,000 on their student loans according to the latest reports, and 1.3 million owe between $100,000 and $150,000!
But the bad news doesnt end there. A large swath of student loan debt is not only ruining the lives of our youth, but our senior citizens in retirement.
You think of college debt as a Millennials problem and it is but the fastest growing group of borrowers is seniors, according to CBS News correspondent Mark Strassman….
Read the full article at: https://www.forbes.com/sites/robertfarrington/2019/05/22/the-growing-trend-of-retiree-student-loan-debt/