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Started By
Message
Senior citizens owe $18 billion in student loans
Posted on 9/10/14 at 6:56 pm
Posted on 9/10/14 at 6:56 pm
quote:
Between 2005 and 2013, student loan debt among seniors 65 and older rose by more than 600% from $2.8 billion to $18 billion, according to a new report from the Government Accountability Office.
Holy shite
What a mess we've made.
This post was edited on 9/10/14 at 6:58 pm
6
Posted on 9/10/14 at 6:59 pm to Teddy Ruxpin
That's funny...I don't remember any of those senior citizens hanging out at the Occupy camps asking that their loans be forgiven. They missed an opportunity there.
Posted on 9/10/14 at 7:08 pm to Teddy Ruxpin
but the millennials...
Posted on 9/10/14 at 7:12 pm to Teddy Ruxpin
fricking baby boomers, the gift that just keeps on giving.
Posted on 9/10/14 at 7:17 pm to Teddy Ruxpin
Add about a billion in 2 years when my mom turns 65. I honestly don't know where I got my ardent desire to pay off my debts, because it didn't come from my parents. My brother is the same way, saying "If you end up paying off your student loans, you did something wrong." He is a very smart and well off attorney. I'll have mine paid off before my mom or him (he's 40). 
to my family.
to my family.Posted on 9/11/14 at 5:00 am to Teddy Ruxpin
I'm paying close to 300% per month of the minimum on mine because of the interest being so horrible. I must be doing it wrong 
Posted on 9/11/14 at 5:40 am to Teddy Ruxpin
quote:
Last year, 156,000 Americans had their Social Security benefits garnished because they had student loans that were in default, according to analysis conducted by the U.S. Treasury for CNNMoney. That's triple the 47,500 people who had payments garnished in 2006.
This is what happens to the stupid. I'm a senior and I know a lot of stupid seniors. The stupid seniors will wind up living with their kids. Learn from their stupidity and don't borrow what you can't pay or borrow on things that don't pay off.
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