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re: Senior citizens owe $18 billion in student loans
Posted on 9/11/14 at 4:53 am to joeleblanc
Posted on 9/11/14 at 4:53 am to joeleblanc
They may disappear from a personal standpoint and like someone said, it may flow to the estate but it doesn't stop there. If the estate doesn't cover, which is going to be the case in many instances, someone will have to write down those assets and absorb the loss. That will be banks, lending institutions, insurance companies, loan guarantors and ultimately tax payers. The size of the ballooning UNSECURED debt is going to be a big issue.
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