May 28, 2019
Some Americans age 50 and older still paying student loans
For some, student loan payments continue for decades.
René Gademann/Flickr
About 20% of the $1.5 trillion in outstanding student debt is owed by Americans age 50 and older. That’s according to a recent report from AARP. Some people accrued that debt to pay for their own education, others helped relatives by co-signing loans. What does this mean for older Americans, who may already face diminished spending power as they age?
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