Seniors Owe Billions in Student Loans

When students take out loans to pay for graduate and undergraduate school, most of them probably don't think they'll still be strapped with debt in their 80s. But according to new research, senior citizens account for nearly half of student loan debt in the U.S. ($36.5 billion). Some of them are still paying off loans from early in life, while others took on more debt when they returned to school during middle age. For these Americans, a college degree resulted not in a successful career but in a lifetime of debt.