“Their collective student debt bill quickly grew to more than $500,000. Two of their children have managed to pay off their debt since graduating, but the couple is still strapped with more than $150,000 worth of loans and will add more to their load when their youngest son graduates next year. Although their loans are federal and they have the option to apply for an income-based repayment plan, the Shippens were told their combined income was too high to qualify. College costs have increased by nearly 30% over the last five years alone. Nearly 30% of the 38 million federal student loan borrowers in the U.S. today are between 40 and 59 years old.”
https://finance.yahoo.com/news/student-debt-nearly-destroyed-this-family-s-finances-150749696.html
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