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The Surprising Group Of Americans Who Have As Much Student Debt As 30-Year-Olds

The Surprising Group Of Americans Who Have As Much Student Debt As 30-Year-Olds
Business Insider reports borrowers at age 30 and age 60 tend to have very similar student loan balances.The average 30 year old borrower owes $36,406, and the average 60-year-old borrower owes $35,637.Experian says the amount parents borrowed for their children through parent PLUS loans has increased by 38% since 2015.Parents borrowing for their children's education is becoming more common.However, it could be jeopardizing retirement for many older borrowers.