More Baby Boomers Are Drowning In Student Loan Debt–And No One Knows How Bad It Will Get

Get the Full StoryIt’s not just a millennial problem. Student loan debt increased eightfold among Americans aged 60-64 in the last decade. Is anyone paying attention?

Jim Roach never expected to be struggling with student debt in his 50s. When his daughter Lauren got accepted to Northwestern University, the Dallas-based serial entrepreneur and father of six was making too much money to qualify for certain kinds of loans. So he made the seemingly logical decision to take out a loan directly from the university. By the time Lauren graduated in 2006, the principal balance was down to 40,000–steep but manageable.Read Full Story

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