'Like a ball and chain that you can drag to the grave'
|Senior citizens continue to bear burden of student loans|
(From The Washington Post) The burden of paying for college is wreaking havoc on the finances of an unexpected demographic: senior citizens.
New research from the Federal Reserve Bank of New York shows that Americans 60 and older still owe about $36 billion in student loans, providing a rare window into the dynamics of student debt. More than 10 percent of those loans are delinquent. As a result, consumer advocates say, it is not uncommon for Social Security checks to be garnished or for debt collectors to harass borrowers in their 80s over student loans that are decades old.
Click here to read the full story.
comments powered by Disqus
'225': 'Project Runway All Stars' winner Anthony Ryan talks B.R., his new line and overcoming cancer twice
Real estate recap: Central's 'political climate' is anti-development, official says … Uncle Earl's expands into space fronting Perkins Road … Kadair's to close in early November
The Ugly Numbers Behind Unbundled Cable TV
The Robots Are Coming -- from Google