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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