Baby Boomers & Graduate School Student Loan Debt

The following link is for a recent article from the Houston Chronicle regarding student loan debt. According to the author of the article, student loan debt is having an increasing affect on adults from the Baby Boomer Generation who have returned to higher education within the last 20 years for advanced degrees. Stories and statistics show that these students have not had a good return on their investment, and unlike the younger generations of college students and college grads, they will not have a “lifetime” to pay back their debt. See the article below for more information and details:

http://chronicle.com/article/I-Fully-Expect-to-Die-With/138507/

http://public.tableausoftware.com/shared/FRG8YQTX7?:display_count=yes

In fact, student-loan debt is growing fastest among adults ages 60 and older, with more than two million people in that age group now owing an average of $19,000, according to the Federal Reserve Bank of New York. Their default rates are rising, too, and increasing numbers of retirees are seeing their Social Security checks garnished because they fell behind on student-loan payments.

The Article “I Fully Expect to Die with this Debt” was posted in the Chronicle of Higher Education Online on April 15, 2013

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