Bankruptcy's Student Loan Exception Hurts Elders

Bankruptcy's Student Loan Exception Hurts Elders

Over one-third of the $1.2 trillion in student debt—or nearly $420 billion—is currently held by those 40 or older.

Older Americans in particular who struggle to pay off loan debt do not have the luxury of decades of future income to repair the damage to their credit or the lost savings and wealth that the debt portended.