Student loans are usually thought of as a
younger American issue, but in reality there are an increasing number of older
Americans (ages 65-74) paying back student loan debt. According to a recent
GAO study, outstanding federal student
loan debt owed by older borrowers grew from less than $3 billion in 2005 to more
than $18 billion in 2013.
To read our most recent blog on older
consumers and student loan debt, click here.
On May 14, 2015 the CFPB requested comments
on student loan servicing. We now want to hear from you on how student loan
servicing is affecting older consumers. You can tell us what you’re
this link to send us an emailor you can go to regulations.gov to submit a comment
We’re accepting submissions through
July 13, 2015. Please don’t include sensitive information like account
numbers and social security numbers in your comments.
Nora Dowd Eisenhower Office for Older
Americans Consumer Financial Protection Bureau