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You are here: Home / Student Loan Debt / Senior Citizens And Student Loan Debt

Senior Citizens And Student Loan Debt

According to the Consumer Financial Protection Bureau student loan debt owed by borrowers aged 60 and older has quadrupled over the last 10 years. The average amount owed has increased, and the default rate is up.

Many senior borrowers are not financially qualified for these loans, and do not have sufficient income to fund the loan payments. However, many lenders are willing to make these loans, as student loans are very difficult to discharge in bankruptcy.

The consequences of default are significant. The borrower may lose the ability to qualify for loan forgiveness, as well as access to additional federal student aid. Also, lenders may garnish the borrowers wages, and seize income tax refunds.

The Law Offices Of Todd S. Frankenthal represents senior citizens in a variety of matters, including student loan disputes, and bankruptcies. Todd Frankenthal maintains offices in Boca Raton, Fort Lauderdale, and West Palm Beach.

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Lawyer Todd Frankenthal | Featured Attorney Bankruptcy

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

The information contained on this website is for informational purposes only, and does not provide legal advice on any particular matter. Every case and legal problem is different, and must be fully analyzed with the advice of legal counsel.

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Ft Lauderdale | Bankruptcy
Law Offices of Todd S Frankenthal
1 E Broward Blvd Suite 700
Ft Lauderdale, FL 33301
Boca Raton | Bankruptcy
Law Offices of Todd S Frankenthal
150 East Palmetto Park Road, Suite 800
Boca Raton, FL 33432
West Palm Beach | Bankruptcy
Law Offices of Todd S Frankenthal
1645 Palm Beach Lakes Blvd, Suite 1200
West Palm Beach, FL 33401

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