It is estimated that 70 % of the population are carrying a crippling amount of debt and the amount of debt held by citizens has increased to record levels. (discoverdebtfreedom.com)
Student Loans are a common source of debt held by many people today. (spergel.ca)
On top of all this information, the main beneficiary of the student loan debt held by seniors over age 60 are children or grandchildren. (studentloans.net)