April 15, 2013
'I Fully Expect to Die With This Debt'
Baby boomers who went back for graduate degrees struggle to pay back their student loans
Bryan Thomas for The Chronicle
Student-loan debt is not just a problem for young, recent college graduates searching for their first jobs. Growing numbers of adults nearing the ends of their careers are accumulating such big debt, too, and they don't have a lifetime to pay it back.
In fact, student-loan debt is growing fastest among adults ages 60 and older, with more than two million people in that age group now owing an average of $19,000, according to the Federal Reserve Bank of New York. Their default rates are