20% of student loans held by people over 50

The Chicago Tribune reports:

Student loan debt isn't just a problem for newly minted graduates.

A report released Wednesday by Barclays says 15.5 percent of outstanding student loan balances are held by borrowers age 50 to 59, and an additional 4.2 percent is held by people 60 and older.

And "these borrowers account for a larger share of the past-due balance outstanding, with those older than 50 responsible for 16.9 percent of the past-due balance and those older than 60 accounting for 4.8 percent," Barclays said.

The average student debt burden for borrowers older than 60 is $18,250.

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