Saturday, November 16, 2019

At 69, she's still paying off $12,000 of student debt — including out of her Social Security checks. - SHANNON NAJMABADI, Texas Tribune

About 222,140 Texans ages 60 and older had student loan debt in 2017, carrying a median load of $15,754, according to government data. Costley works part time at a food bank, making $7.25 an hour, and said she stretches every dollar she has. But every month, she receives a letter in the mail saying the federal government is withholding $134 from her Social Security checks — the equivalent of 18 hours of work. Like death and taxes, Costley may be facing another certainty in life: her student loans. Although she attended college decades ago and made payments when she could, Costley’s debt has gone into default, swollen with accrued interest and been turned over to a collection company.

https://www.texastribune.org/2019/10/23/student-debt-not-just-millennial-problem/