“A fast-growing number of seniors are hitting retirement with a student debt burden. Even their Social Security is at risk.” …
http://time.com/money/3913676/student-debt-into-retirement/?xid=yahoo_money
It’s scary that this could happen, but I foresee these numbers continuing to rise unless more people get savvy about what student loan debts actually mean in real life.
I have a friend whose husband (in his early 60s) owes $250,000 in student loans. However, I would not call him a “victim.” He abandoned a doctoral program several years into it but before receiving his Ph.D. and he then went to law school but decided afterward that most law jobs were “too hard.”
sorry, Dave, but a 50-year old adult is not a ‘victim’ in any stretch of the imagination. A fool for getting a second Bachelor’s, maybe, but not a victim. The real victims will be the millennials (aka US taxpayers) when he dies and the debt is discharged and they have to ‘pay’ it off.
The man in the article ends up legally paying nothing towards his student loans.
There are already many programs that already take the burden off people who have student loans (see the article).
Dave, none of this stuff is news to anyone who has been paying attention to the student loan issue, so why the title of this thread? A more accurate title would be “another link to an article about how older people are suffering for being dumb about student loans”.
“You’ll Never Guess …” what is this, Buzzfeed? Clickhole? Viralnova?
If this were Clickhole the article would redirect to a page about the poor for profits who are now getting shut down by government loan regulations.