In contrast, the newest 2010 SCF data demonstrate that 12 % from family members over ages 40 sent student loan personal debt

In contrast, the newest 2010 SCF data demonstrate that 12 % from family members over ages 40 sent student loan personal debt

Figure 5. One in four middle-old participants carries student loan obligations for themselves otherwise kids % away from questionnaire participants revealing student loan loans on their own, the youngster, or both, by the ages

One in four (20 percent) group within their 40s got studies personal debt, once the performed 15 percent ones in their 50s. This type of rates was right up dramatically of 2004 whenever, the SCF shows, 8 % of those years forty and you may a lot more than got education obligations, together with 13 % of them within their forties and you will a dozen % of those inside their 50s. The fresh display of these within their 1960s with student loan loans as well as expanded a lot more across the exact same months, of approximately dos per cent inside 2004 in order to slightly more than 5 percent this present year. 30

The new More mature Adult Questionnaire together with shows that, of these having student loan debt due to their own knowledge merely, an average size of which debt is roughly $twenty four,one hundred thousand. …