ROHNERT PARK, Calif., July 24, 2017 /PRNewswire/ — A recent study by the Federal Reserve Bank of New York showed that while most Americans paying off student loans are in their 20s, those in their 30s have more debt on average. Despite the Standard repayment plan taking 10 years, borrowers are taking longer to pay off their debt and in their 30s still have an average of $34,033. Ameritech Financial, a document preparation company that helps borrowers enroll in federal student loan repayment plans, works with clients of all ages to enroll them in the repayment plan best suited to their needs and financial goals.
The study shows that the largest concentration of student loan borrowers is under the age of 40. But split that into s…
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