Tag: OASI

Hand holding Blue piggy bank with  graduation hat, Saving money

Introduction Student debt has been rising dramatically over the past few decades, including among older adults. While the overall magnitude of student debt held by those ages 65 and over is not large, the debt burden in this group has been growing rapidly. At the same time, their default rates have also been rising. This…

piggy bank and graduation cap University level. Concept of saving money for education.

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…