Student loan debt was never meant to last a lifetime or become a threat to retirement security. Yet today, borrowers frequently wind up carrying it into retirement, long beyond their working years.
We heard through the grapevine about a boomer couple upset because their son, who graduated from a prestigious college and professional school without loans, was marrying a young lawyer with tens of thousands in educational debt. The parents feared that paying off this financial burden would delay…
Borrowers struggling to repay private student loans say they have little choice but to default because lenders won’t revise payments to make them affordable, according to a new report by the Consumer Financial Protection Bureau.
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