12/17/12 – More Seniors Trapped in Children’s Student Debt (The Columbus Dispatch)

Even in retirement, helpful parents and grandparents who took out federal loans or co-signed bank college loans for their kids are struggling with repayment.

The early-morning calls from debt collectors continued even after her massive stroke, waking Bella Logan to daily reminders that she owed $75,000 in student loans. Logan is 94.

The federal government garnisheed $200 a month from Robert Austin’s Social Security checks for years for student-loan debt, leaving Austin without money he needed for medications. He is 83.

Read the full article at The Columbus Dispatch.

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>