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US Senior Citizens Owe 18B in Student Loans

Senior citizens in the United States owe more than $18 billion in federal student loan debt. The 2013 amount is up six-fold from $2.8 billion in 2005. Eighty percent of that debt was for their own education, with only 20 percent of student loans taken out for children or dependents. The information comes in a report from the U.S. Government Accountability Office unveiled Wednesday at a hearing of the U.S. Senate Special Committee on Aging. The hearing was held to examine the growing...

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