Loading...

The Surprising Group Of Americans Who Have As Much Student Debt As 30-Year-Olds

7,0 K Views
Business Insider reports borrowers at age 30 and age 60 tend to have very similar student loan balances.
The average 30 year old borrower owes $36,406, and the average 60-year-old borrower owes $35,637.
Experian says the amount parents borrowed for their children through parent PLUS loans has increased by 38% since 2015.
Parents borrowing for their children's education is becoming more common.
However, it could be jeopardizing retirement for many older borrowers.

Business Insider reports borrowers at age 30 and age 60 tend to have very similar student loan balances.

The average 30 year old borrower owes $36,406, and the average 60-year-old borrower owes $35,637.

Experian says the amount parents borrowed for their children through parent PLUS loans has increased by 38% since 2015.

Parents borrowing for their children's education is becoming more common.

However, it could be jeopardizing retirement for many older borrowers.

Maybe you like!