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Retired grandmother still owes $108,000 in student debt 40 years after taking out loan

A retired grandmother with a psychology degree owes six figures due to student loan interest, impacting her financially.
President Biden implemented the SAVE plan to cut monthly payments and help with student loan forgiveness. Over 7 million people have enrolled.
Financial columnist Terry Savage notes that loan forgiveness options are limited, leading to difficulties for borrowers.

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Retired grandmother still owes $108,000 in student debt 40 years after she took out the loan

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1 year ago·Albany, United States

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Woman owes $108K, 40 years after taking out loan

According to the U.S. Department of Education, 43 million Americans owe a collective $1.3 trillion in student loan debt.

1 year ago

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Retired grandmother still owes $108,000 in student debt 40 years after taking out loan

In 1986, Nancy Peter took out a student loan to finish her Psychology degree at Mundelein College.

1 year ago·Chicago, United States

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WGN 9 broke the news in Chicago, United States 1 year ago on Tuesday, March 26, 2024.

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