GreenStudent Helps With Baby Boomer Student Loan Debt
If you are an older college or university graduate struggling to pay back student loans, GreenStudent is pleased to announce that it has options for your loan repayment.
If you are an older college or university graduate struggling to pay back student loans, GreenStudent is pleased to announce that it has options for your loan repayment. New studies on student loan debt indicate that borrowers over the age of 60 are one of the fastest growing groups of people dealing with the effects of student loan debt. In fact, many people are saying that members of the Baby Boomer generation may die in debt because of student loans. While many people might assume that the student loans were taken out to help their respective children get through school, studies show that that is not the case. Many Baby Boomers went back to graduate school during the recent recession in an effort to bolster their work skills and racked up lots of student loan debt in the process.
According to a report by the Federal Reserve Bank of New York, more than two million borrowers over the age of 60 are dealing with student loan debt as of 2012, with the average balance standing at $19,500-a marked increase from an average balance of $11,000 in 2005. In all, borrowers over the age of 60 now account for $44 billion in student loan debt.
Many older people who are struggling with student loan debt have added financial pressures in the form of mortgages, car payments and maintaining a decent standard of living for their spouses and children. To make matters worse, many older student loan borrowers took longer to complete their school work in an effort to accommodate full-time jobs and family obligations.
As a founding executive at GreenStudent says, “Student loan debt is a problem that can affect people of any age. At GreenStudent, we pride ourselves on helping people of all ages find good ways to repay their student loan debts.”
Whatever your age, GreenStudent can help you find great, easy options for student loan repayment. Call us today at 1-888-85-GREEN (1-888-854-7336), or visit our website at www.greenstudent.com to get help fast.
- Contact Information
- Joe Marshall
- PR Manager
- GreenStudent Loans
- (1) 888-85 green
- Contact via E-mail
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