More People Over 60 Paying Off Student Loans | WBEZ
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Morning Shift

More People Over 60 Paying Off Student Loans

In the last decade, the number of people over 60 taking out student loans has quadrupled, and the money they owe has ballooned to nearly $67 billion.  While some of that money is for their own education, two-thirds are loans for children and grandchildren. Financial aid expert Kalman Chany talks about the perils and pitfalls of taking out student loans later in life. 

Click play above to listen to what you should watch out for, and the best way to finance your grandchild’s education without cracking your own nest egg.


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