The Latest–And Surprising–Victims of the Student-Loan Debt Crisis: Older Americans

student debt bomb

(From Forbes.com):

By Thomas K. Lindsay

We have become accustomed to hearing of the financial plight of recent college graduates, a growing number of whom are either unemployed, underemployed, and/or behind on paying their student loans, which today amount cumulatively to roughly $1.3 trillion.

As alarming as this is, it barely begins to tell the full story of how bad things have become in American higher education. How bad? Consider the latest report from the Consumer Financial Protection Bureau (CFPB).  CONTINUE READING HERE

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