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  • Crushing education loan debt prompts mothers to help you delay the old age

    A whole lot more mothers reduce advancing years to expend kid’s college loans

    Patricia Rizzo, 62, owes government entities more $126,100. But what become as the a good investment inside her daughter’s coming try impacting her own prospects.

    A divorced mom, she brings in around $forty,000 per year doing work from the a drugs rehab medical center when you look at the This new Jersey. She hopes so you’re able to in the future over a drug guidance degree that can raise their salary but acknowledges she’s from zeroing aside the girl harmony.

    She touches a growing selection of moms and dads sixty and older exactly who are slowing down its senior years because of Moms and dad Plus financing, a program one were only available in early eighties to assist parents pay for its child’s college educations. (more…)