Carlos Sanchez of McAllen, Texas, took out an enormous amount of federal student loan debt to make sure his children could attend college.
"As my third child makes her way through her senior year in college, I now have what amounts to about $160,000 in parent PLUS loans," Sanchez, 63, told NPR. He likely won't have them paid off (or qualify for debt forgiveness) until he's in his 80s, "which is an extraordinary journey for me," he said, given that he's approaching retirement.
