CFPB: “Today, we released a report that shows that older Americans now carry an unprecedented amount of student loan debt into retirement. The report shows that over the last decade, the number of older student loan borrowers has quadrupled in the United States. The amount that these borrowers owe has also dramatically increased. Between 2005 and 2015, consumers age 60 and older were the fastest growing segment of student loan borrowers. These trends not only reflect borrowers carrying student debt later into life, but also the increasing number of older consumers that have borrowed or co-signed student loans for their children’s or grandchildren’s college education. Additionally, a recent government report found that an increasing number of older Americans age 65 or older have defaulted on their federal student loans and have been subjected to offsets of their Social Security benefits in order to repay this debt…”