Before you decide to sign or co-sign for the loan, be sure you understand the hazards
In line with the customer Financial Protection Bureau (CFPB), the true wide range of education loan borrowers age 60 and older climbed at the least 20% between 2012 and 2017. Also, significantly more than 75% of states saw at the very least a 50% uptick in outstanding education loan financial obligation. Taken together, both of these numbers recommend a distressing trend that could suggest financial difficulty for scores of older People in the us within the years ahead.
- The sheer number of US education loan borrowers over age 60 is from the increase.