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Millions of older adults are still paying off student loan debt. New research from the Federal Reserve Bank of New York found Americans 60 and older still owe about $36 billion in student loans.
This is a guest post by Lynnette Khalfani-Cox, host of the AARP Pay Down Your Debt Challenge, which is taking place on AARP.org through Jan. 29. Learn how to get started paying down your debt, join the Pay Down Your Debt group, and you could have a chance to win a prize. Of all the financial mistakes that we can make – and later regret – loaning money to family and friends ranks perhaps among the biggest of them. It’s …