Relevant:
- Number of aging Americans paying student loans soars
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent
- Private Student Loans: The Subprime Mortgages of the College WorldÂ
- The U.S. Student Loan Implosion: By The Numbers
2012-04-02 — washingtonpost.com
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.
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