Government Information

Earl Gregg Swem Library

Snapshot of Older Consumers and Student Loan Debt

Categories: Education-Higher,Elderly,Financial Crisis/Markets,Headlines,Prices/Inflation

https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/201701_cfpb_OA-Student-Loan-Snapshot.pdf

Describes the increasing student loan debt that older consumers are carrying and how the increased debt burden is affecting their financial security.  This trend is caused by borrowers carrying student loan repayment later in life and older people helping to finance their children’s and grandchildren’s college education.  From the Consumer Financial Protection Bureau