Tag: college debt
For the sliver of retirees who are far behind in paying their own or their children’s student loans, Social Security can withhold part of their benefits to pay the loans back. But college has gotten much more expensive since the baby boomers attended, and loan delinquencies are higher among working people and especially Black Americans…
Abstract While the magnitude of student debt held by those over 65 is not large, both the share of households holding such debt and the mean amount have risen rapidly since 1990. Defaults on student loans have similarly been rising among older debt holders. One distinct feature of federal student loans is that federal payments…
