College loans are making it harder for parents to retire

Market Watch ^ | 09 March 2017 | Jillian Berman

[Lorianne]

Gee, maybe the kids should be paying off the loans, not 79 year old parents.

[faithhopecharity]

gee maybe the kids should pay off their own debts?

but i guess if 80 year old parents wanna keep flipping burgers at McD’s until they drop dead at the grill.....

its okay

[miserare]

These moron lib parents are getting just what they deserved...” I never promised you a rose garden...or a college ed, either!”

[turfmann]

Harder?

The misspelled “impossible”.

For the only three human beings on the planet that I would gladly do it for, in spite of the obvious fraud involved...

My daughters.

[PAR35]

How old is the deadbeat son? 50?, 60?

I’d move to Texas and tell the lender and the deadbeat that I’d follow up (shortened to f/u) later.

[onona]

Moron lib here.

I'll remember this scam next time around.

[A CA Guy]

More need cheaper degrees from state colleges.

[Seruzawa]

Yes. Really. With few exceptions employers do not care where you got your degree.

[Grampa Dave]

His fault for enabling moochers instead of independent adults.

[AppyPappy]

Ummm...no. That’s why God made 529’s. College....paid.

[utahagen]

Agree, but here’s something that makes it a bit more complicated: try telling middle class people their high school kids should wait, rather than go to college straight from high school...in 90% of the cases, the responses will be adamantly negative. The same thing happens when the kids themselves try to tell their parents they ate not ready to go to college: they are told, “ You are going to college next year. No matter what.”

[SgtHooper]

Never agreed with the notion of exposing all I have worked for, for school loans of a child.

[grania]

In 2030, he’ll be 92. What bank would stretch out a loan this far, unless their goal is to create debt slaves?

[miserare]

Try Costa Rica. No extradition.

[miserare]

I know...they tug at your heartstrings...then at your purse strings...next thing you know...you’re bankrupt!

[TNoldman]

I agree no Parent should have delay retirement because a child is in school. The child could work and go to school. That didn’t used to be a new idea.

[shelterguy]

When my boys graduated from college I gave the their loan books as a gift. I have never paid a single payment.

[miserare]

Tough love...we need more of it.

[TexasGator]

Pa was 62 when he started paying off loan.

What’s the ‘kid’ doing?

[Gay State Conservative]

Take Harlan Crider, of Elverson, Pa.: He’s 79, and he’s still putting in about 40 hours a week doing property assessments. He’d rather retire, but he owes $400 a month on loans he took out to help pay for his son’s college.

Ten bucks says that Sonny is 60 and makes 20K/yr teaching Women's Studies at East Central Community College.