12/17/12 – More Seniors Trapped in Children’s Student Debt (The Columbus Dispatch)

Dec 17, 2012 No Comments by

Even in retirement, helpful parents and grandparents who took out federal loans or co-signed bank college loans for their kids are struggling with repayment.

The early-morning calls from debt collectors continued even after her massive stroke, waking Bella Logan to daily reminders that she owed $75,000 in student loans. Logan is 94.

The federal government garnisheed $200 a month from Robert Austin’s Social Security checks for years for student-loan debt, leaving Austin without money he needed for medications. He is 83.

Read the full article at The Columbus Dispatch.

Financial -Landing 2012

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