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Student loan debt prompts postpone of retirement
According to the Consumer Financial Protection Bureau, from 2005 to 2015, the average amount of student loan debt for borrowers 60 and older doubled, causing many parents and grandparents to delay their retirement. Parent PLUS loans, also known as Direct PLUS, started in the early 1980s to help parents or guardians pay for their children’s college education. A recent survey by NerdWallet found over 25 percent of parents or guardians will not retire as initially planned. Read the article here…
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