Boomer Parents Increasingly on the Hook for Their Kids’ Student Loans
About 93% of all new student loan dollars proffered to undergraduates this academic year were co-signed by a parent or other adults, up from 74% a decade ago. Soaring tuition costs and closer parent-child bonds, combined with tighter loan limits enacted post-2008, mean that Boomers are increasingly stuck paying for college well into their golden years.
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