Will you be still paying off your student loan debt when you’re 64?
Has it ever occurred to you that you could be paying off your student loan debt way into your 70s? Recent waves of student loan consolidations and lengthened loan terms, may see student borrowers pushing scheduled payoff dates into their 40s, 50s and even 60s. Post-gazette.com reports:
What concerns financial experts is that student loan payments that are "like a mortgage" might come at the expense of an actual mortgage or other financial steps such as saving for retirement or a child’s college fund.
Read more: Graduates’ dilemma: Living in shadow of debt
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