Most student loan borrowers are young adults, but the number of older Americans with education loans has quadrupled in the last decade. Many of them say that difficulties with loan servicers are adding to their debt-management struggles.
Americans age 60 and older are the fastest-growing group of student loan borrowers, according to a new report from the Consumer Financial Protection Bureau that examines borrower complaints. There are now about 2.8 million Americans who are 60 or older with at least one student loan.