Older Consumers and Student Loan Debt Report issued by the CFPB 2017

Older Consumers and Student Loan Debt

Earlier this week, I caught a segment on NBC Nightly News with Lester Holt about the CFPB issuing a report on older consumers and student loans.  At first, I wasn’t sure why individuals aged 65+ would be pursuing higher education.  As it turns out, these consumers are taking out student loans to help their children and grand-children with the rising expenses of college and university studies.

After diving into the report issued by the CFPB, I found some of the following statistics interesting.   In the past decade, student loan debt for consumers aged over 60 has quadrupled. 70% of these borrower’s student loans are for their children’s education and 37% of borrowers over 65 are in default.

This will be interesting to monitor in the coming months, especially since we have a new administration.  Can we expect to see new rules for higher education financing?  Will there be different repayment options for consumers on retirement benefits?  Regardless, if you’re a student that was fortunate to have your family pay for your education, make sure you reach out to them and offer to help to pay down some of “your” student loans.

28 thoughts on “Older Consumers and Student Loan Debt Report issued by the CFPB 2017

  1. Pingback: Average Student Loan Payment | News: Breaking stories & updates

  2. Pingback: generic cialis

  3. Pingback: buy levitra safely online

  4. Pingback: cialis 5 mg generico

  5. Pingback: viagra pro online

  6. Pingback: buy essay cheap

  7. Pingback: generic cialis online

  8. Pingback: buy cialis online safely

  9. Pingback: buy cialis

  10. Pingback: canadian pharmacy cialis

  11. Pingback: best place to buy viagra online

  12. Pingback: canadian viagra

  13. Pingback: can you buy viagra over the counter

  14. Pingback: how to use viagra for best results

  15. Pingback: discount prescription drugs online

  16. Pingback: canada pharma limited llc

  17. Pingback: canadian mail order pharmacy

  18. Pingback: Depo-Medrol

  19. Pingback: Advair Diskus

  20. Pingback: viagra

  21. Pingback: cialis free trial

  22. Pingback: cialis generic buy with pay pal

  23. Pingback: natural viagra for women

  24. Pingback: female viagra pranks true

  25. Pingback: new genaric for cialis

  26. Pingback: viagra blowjob

  27. Pingback: cost of cialis 20 mg

  28. Pingback: viagra or

Comments are closed.