The economy has changed dramatically over the past several years. Especially in regards to available, well paying jobs. Simply put, there are less of them, and more competition for the good jobs that need filling. Because of this fact, many middle aged adults have gone back to school to retrain for better jobs. That’s great, but they’re also getting stuck with the same onerous student loan debt that millennials are getting saddled with.
That crippling debt is hurting these older borrowers financially in a different and more severe way than younger debtors. Our clip of the week gives the details. The exorbitant cost of school is bad for students, no matter their age, and it’s bad for the country. Something needs to change before it’s too late.