Gail MarksJarvis: The fastest-growing category of student debtors is senior citizens
by By Gail MarksJarvis, Chicago Tribune
Aug 27, 2017
3 minutes
The number of people over 60 struggling with college student loans is snowballing.
For most, the struggle is not a hangover from their college days. The strain is coming from helping their children and grandchildren pay for college.
About 27 percent of borrowers over 60 are handling loans from their own education, but 68 percent are working their way through loans they either borrowed or co-signed to help children and grandchildren through college, according to a study by the Consumer Financial Protection Bureau. An additional 5 percent are
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