Relevant:
- Senior citizens continue to bear burden of student loans
- The broken tassel of American higher education -- College debt defaults bring up questions about repayment structure. Is college even worth the current costs?
- The U.S. Student Loan Implosion: By The Numbers
- Student Loan Debt Crisis Also Hitting Aging Baby Boomers
- More Than 40% of Student Borrowers Aren't Making Payments
2014-09-10 — reuters.com
...
The $18.2 billion figure includes loans related to both the holders' education, often for those who have returned to school later in life, and their children's education, the report found.
...
Student loans are a particular concern because unlike credit card debt or mortgages, they are typically government-backed and cannot be written off in bankruptcy proceedings, leaving retirees facing the risk of having their Social Security payments garnished to cover student loans.
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