older borrowers

Student Loans Crushing Hopes for Some Near Retirees

Posted on 11/12/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsSpiraling college tuition, and the student loan debt that typically accompanies it, are busting the retirement plans of millions of near-retirees. People 60-plus now hold the dubious distinction of being in the fastest-growing age group for college debt, according to The New York Times. In the first quarter of this year, some 2.2 million student loan borrowers were age 60 and older, a three-fold increase from 2005. Together, they owed $43 billion in student loans. But the debt is so crushing that …