Parents Paying Down Student Debt Worry How They’ll Send Kids to College

Parents with student loans worry about how to pay for their children's college as payments on federal loans are set to restart soon. The situation is especially tough for borrowers aged 35 to 49, and people over 50 are the fastest growing demographic with student debt, as the cost of college continu

May 9, 2023 . 1:30 AM

1 min read

After a three-year pause, required payments on federal loans are scheduled to restart in coming months, straining Americans’ finances.
The situation is uniquely tough for borrowers with children who want to go to college one day.
The largest chunk of federal student loans belongs to borrowers aged 35 to 49.
The fastest growing demographic with student debt is people over 50.
The squeeze is likely to get worse as the cost of college increases.