Student Debt Collections Are Leaving the Elderly in Poverty

Elderly Americans have more student loan debt than ever and are more likely to become chronically unable to make payments than younger borrowers. Those findings from a new report by the Government Accountability Office took center stage at Wednesday’s Senate hearing on how seniors deal with unprecedented education debt.

By Natalie Kitroeff

Full Story: http://www.businessweek.com/articles/2014-09-10/student-debt-collections-are-leaving-the-elderly-in-poverty#r=hpt-ls