Seniors Who Defaulted on Their Student Loans Feel Hopeless
Sarah Sattelmeyer and Tia Caldwell, New America
The number of older student loan borrowers has grown exponentially over the past several decades. Many of these borrowers hold debt for their own education, and they are disproportionately likely to be people of color, women, and financially insecure.
Many have been in the student loan system for decades, unable to pay down their debt after not receiving a return on their higher education investments. Some attended low-quality programs, others did not complete a degree or credential, and too many have faced racism and discrimination in the labor market.