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

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.
Comments (7)
  • 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
  • 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
  • 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
  • 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
  • I agree with most you say but I notice there is very little anger with regard to the billions shipped to Iraq,,,,we pick and choose don't we???
    3 Apr 2012, 06:45 AM Reply Like
  • Well Obama is still pumping in the dollars, waiting for the right reelection photo op to announce we're out of there.
    3 Apr 2012, 10:59 AM Reply Like
  • a little sarcasim, although painful to some, echos the truth.
    3 Apr 2012, 06:23 AM Reply Like
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