"Student debt isn't just crushing young people: 6.3 million borrowers ages 50 to 64 and nearly a million people over 65 are still paying for a loved one's education or their own," Sen. Elizabeth Warren of Massachusetts told Insider."Student debt is also one of the biggest contributors to the rise in the amount of debt seniors hold overall.
Navarro said she initially attempted to pay off her loans in monthly amounts she could afford, but as the bills grew, she went into forbearance. She later learned that her salary was being garnished, and now she is on an income-driven repayment plan, which sets her monthly payment based on income. "It's a corrupt lending system that has been allowed to cause unbearable agony and suffering," Navarro said."It's enough. I want my life back.", Jeff Courtney, a former JPMorgan executive, found that for over three decades, the government had been making the student-loan system look profitable when in reality more and more borrowers were going into default.
Warren and Schumer's CNBC op-ed said that the student-debt crisis was effectively punishing people pursuing higher education.
A KEY POINT not mentioned in this article: There are MORE people over 50 with student loans than UNDER 25....and they owe THREE TIMES MORE!!
Are you seeing this GovRonDeSantis
FinanceInsider The government will take it out Social Security payments, for many of us. They can garnish up to 15% of SS payments.
That's the Debt Slavery that it seems we want to ignore.
Well then, if your Career didn't earn you enough $ to pay for the education you borrowed for, then you might not be to smart!
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