Seniors owe student loan debt?
It turns out the average Senior paying on student loan debt owed $33,800.
Some Seniors are paying for their own student loans and some are paying for debt they took on to help a family member.
In 2015, over 40,000 Seniors 65 and over had to give up either Social Security Benefits, Tax Refunds, or other federal payments because they defaulted on their student loan payments.
As you can see, this problem has been going on for several years now.