About 3.5 million Americans 60 and older have student debt
Student loan borrowers aren’t just the freshly graduated and mid-30s working generations — millions of Americans in their retirement years have student debt to pay back, too.
Overall, Americans hold $1.75 trillion in student debt, the World Economic Forum found. The president’s student loan forgiveness plan, which was announced last August and is now in the midst of legal battles in the Supreme Court, would alleviate $10,000 for qualifying borrowers, or $20,000 for those with Pell Grants. At the time of the announcement, the White House said 20 million borrowers would see their debt washed away, and a total of 40 million would find benefit from cancellation.
Student debt has been especially problematic because of “stagnant wages and soaring tuition prices,” AARP said in another report highlighting older borrowers. Around 3% of families headed by someone who was 50 or older had student debt in 1989, with an average balance of $10,000, but by 2016, that figure rose to 9.6%, with an average of $33,000, AARP said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Local students sound off on Supreme Courts affirmative action decisionStudents at NYU say that people's backgrounds matter. Your race helps define you and tells your story and it's not right to ignore it completely in the college admissions process, they said to Eyewitness News
Weiterlesen »
From indoor to outdoor courts, here’s where to play pickleball in the ValleyThere are new pickleball courts at city parks and several ventures coming to Arizona to build “eatertainment” destinations centered around pickleball. Here’s where to play! MORE ⬇️
Weiterlesen »
Play 'Pickleball in the Sky' at new 48th-story courts in DallasThe indoor courts with a 360-degree view of Downtown can be rented for the month of July.
Weiterlesen »
New pickleball courts coming to iconic SF landmark, reserve your spot in JulySan Francisco's pickleballers can soon reserve a court to swing their paddles at one of the city's most iconic spots.
Weiterlesen »
Transgender care bans for Kentucky, Tennessee minors partly blockedJudges in Kentucky and Tennessee on Wednesday temporarily halted some restrictions on gender-affirming care for transgender youths shortly before the provisions were set to go into effect. Litigation between the states and plaintiffs is ongoing.
Weiterlesen »
Authors Sue OpenAI Claiming Mass Copyright Infringement of Hundreds of Thousands of NovelsCourts are wrestling with the legality of using copyrighted works to train AI systems.
Weiterlesen »