Here's how parents can manage student loans.
When you think of your golden years, you think of rest, relaxation, travel and the good life.Yet, for millions of Americans, student loans are still a reality. Here's what you need to know and what to do about it.here are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. According to Make Lemonade, s
The numbers are staggering for Parent PLUS Loans, in particular. There are 3.6 million borrowers who collectively owe $88.9 billion in Parent PLUS Loans. This amount does not include Parent Loans, which can be borrowed from private lenders. On a percentage basis, the largest increase in student loan debt over the past five years has come from a surprising age group: 60 to 69-year-olds, who have experienced a 71.5% increase in student loan debt.
that in 2018, Americans age 55 and older were hired for 49% of the 2.9 million new jobs gained in 2018, which represents the largest share of any age group. A Parent PLUS Loan is a federal loan from the U.S. government that a parent borrows on behalf of a dependent undergraduate student to finance the dependent's education.
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