A Roadblock to Their Peaceful Retirement: up to $500K in Student Loans

Their goal is a peaceful retirement. Up to half a million dollars in student loans is standing in the way.

High student-loan balances are weighing on borrowers’ retirement goals. Courtesy of Amye Cooley, Jordan Hendrickson Changes to federal student loans are set to be implemented beginning this summer. Borrowers said the uncertainty over changes makes it difficult to plan for retirement. Retirees said the debt is taking a financial and emotional toll. For some, retirement means relaxation. For Jordan Hendrickson, retirement means debt. “I don’t hav…

A roadblock to their peaceful retirement: up to $500K in student loans

High student-loan balances are weighing on borrowers' retirement goals.Courtesy of Amye Cooley, Jordan HendricksonChanges to federal student loans are set to be implemented beginning this summer.Borrowers said the uncertainty over changes makes it difficult to plan for retirement.Retirees said the debt is taking a financial and emotional toll.For some, retirement means relaxation. For Jordan Hendrickson, retirement means debt."I don't have any r…