Question of the Day (Updated): What's the average student loan debt for Americans over 60?

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Nov 30, 2020
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Question of the Day, Paying for College

Answer: $33,800

Questions:

  • Did you expect people over 60 to still have student debt? Why or why not?
  • What do you think causes someone to still have student debt at age 60?
  • How do you think having student debt impacts their lifestyle?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Wall Street Journal):

"On average, student loan borrowers in their 60s owed $33,800 in 2017, up 44% from 2010, according to data compiled for The Wall Street Journal by credit-reporting firm TransUnion. Total student loan debt rose 161% for people aged 60 and older from 2010 to 2017—the biggest increase for any age group, according to the latest data available from TransUnion."

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.