Cradle To Grade: Living A Lifetime Of Student Loan Debt

Posted by Laura Dimock on

Nothing in America is certain except for debt and taxes. And one increasingly challenging category of the former is student loan debt. Americans owe more than $1.5 trillion in student loans. And more than ten million Americans are in deferment, forbearance or default.

But it’s not just 22-year-olds fresh out of undergrad who find themselves owing. People over 60 are rapidly accumulating student loan debt, whether it’s for continuing education or — more often — taking out loans for a child or grandchild.

Last year, the AARP reported “the number of student loan borrowers age 60 and older jumped by at least 20 percent in every state, Washington, D.C., and Puerto Rico from 2012 to this year. In fact, in more than 75 percent of states, total outstanding student loan-related debt held by these older borrowers had increased by at least 50 percent. And in all but five states, student loan delinquencies for the age group had also risen.”

How sustainable is this life cycle of debt? And what would it take to give Americans a few debt-free years?

Click to Listen

Guests

  • Lori Trawinski Director of banking and finance, AARP Public Policy Institute; certified financial planner; @loritrawinski
  • Robert Kelchen Assistant professor, higher education, Seton Hall University; author, "Higher Education Accountability"; @rkelchen
subscribe to education email updates food blog link image learning blog link living blog link news and information blog link science and technology blog link sports blog link image

Fun activities and projects for kids, educational resources for parents and teachers, and links to SDPB and PBS learning media!

Visit SDPB's Education Site!

Related content from SDPB Radio

State Resolution in Favor of Abolishing U.S. Department of Education Moves Forward

The Senate Education Committee ends the legislative session with a debate on the merit of certain resolutions and the federal Department of Education. A resolution...

Bill Banning Instruction on Gender Dysphoria Moves Forward

The House Education Committee passes a bill banning instruction on gender dysphoria to the house floor, despite...

SDSU Wokini Initiative Addresses Low Native American Enrollment with Campus-Wide Effort

Most colleges are making efforts to increase the diversity of their student body. One look at the populations of...

A New Culture Of Performance And Civic Knowledge

In The Moment ... January 10, 2019 Show 492 Hour 1 Ben Jones is serving as interim Secretary of Education after...

Hitting The Ground Running

In The Moment ... January 9, 2019 Show 491 Hour 1 Throughout her campaign, inauguration and in her first In The...