"If we don't change direction soon, we'll end up where we're going."
What we now know about who struggles with student debt
Source Date:
Thursday, November 16, 2017
Categories:
Older African Americans and college students with children disproportionately bear the burden of education debt, according to a pair of reports released this week that researchers say show the need for more nuanced solutions from higher education.
Americans over age 50 collectively hold $247 billion in outstanding federal education loans, an amount that has grown threefold since 2003, policy analysts at the Urban Institute found. The impact of that debt differs depending on whether borrowers took out the loan for themselves or for family members, according to a report released Thursday by the think tank.