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Big category of student debtors may surprise : Seniors, whether for them, kids or grandkids, owe a lot

Aug 27, 2017 - Chicago Tribune

The number of people over 60 struggling with college student loans is snowballing.

For most, the struggle is not a hangover from their own college days. Rather, the strain is coming from helping their children and grandchildren pay for college.

About 27 percent of borrowers over 60 are handling loans from their own education, but 68 percent are working their way through loans they either borrowed or co-signed to help children and grandchildren through college, according to a study by...