Retired child welfare worker, 73, about to be hit again with 40-year-old student loan debt—’They said, ‘Move to a cheaper state”

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Retired child welfare worker, 73, about to be hit again with 40-year-old student loan debt—’They said, ‘Move to a cheaper state” - Fortune

Quick Summary:

People 60 and older hold an estimated $125 billion in student loans, according to the National Consumer Law Center, a six-fold increase from 20 years ago.

An estimated 452,000 people aged 62 and older had student loans in default, according to a January report from CFPB.

While Education Secretary Linda McMahon says restarting collections is a necessary step for debtors “both for the sake of their own financial health and our nation’s economic outlook,” even some of Trump’s most fervent supporters are questioning a move that will make their lives harder.