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The problem of student loans is not confined to the young: Americans 60 and older owe about...

Tuesday, April 3, 2012, 5:50 AM ET
The problem of student loans is not confined to the young: Americans 60 and older owe about $36B, of which over 10% is delinquent, a recent NY Fed study shows. Some of the debt is because people studied later in life or co-signed for loans for their children or grandchildren, but some of it is also an overhang from when they were young.

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This news story has 7 comments:

davidingeorgia Comments (2682)

The crowd that's whining about the horrid amount of student debt would have a lot more credibility if they showed a little anger at the colleges charging them ridiculous amounts for what are often worthless degrees.

3 Apr 2012, 05:54 AM Reply Like

kmi Comments (3844)

Add in the fact that college tuition is one of the those costs that has been rising faster than inflation.

3 Apr 2012, 10:04 AM Reply Like

bbro Comments (7839)

Let's see.... if we just had 10% back of what we spent in Iraq we could
wipe out all the delinquent student loans here in the U.S.......

3 Apr 2012, 06:04 AM Reply Like

davidingeorgia Comments (2682)

Or how about making those stupid enough to have signed the loan documents actually pay the loans back? Or is that too radical a concept for those suckling at the teat of the welfare state to grasp? You know, that silly "personal responsibility" stuff? I'm sure you've at least *heard* that term somewhere before even if you haven't a clue what it means.

3 Apr 2012, 06:17 AM Reply Like