Cradle To Grade: Living A Lifetime Of Student Loan Debt
Millennials are not alone in their struggles with student debt.
Americans over 60 years old are now the fastest-growing category of borrowers.
The Consumer Financial Protection Bureau saw their ranks roughly quadruple in a decade. Some got an education to make a career switch. Some are still paying old student loans. And others are helping finance their children's or grandchildren's education.
The penalties for not paying can be severe, including having Social Security income garnished by the federal government.
How sustainable is this life cycle of debt? And what should seniors do to break it?