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GOBankingRates
GOBankingRates
Sarah Li Cain

What Changes to Student Loan Policy Mean for Borrowers Over 40

Creatas / Getty Images

Student loans are not just a young adult problem, and federal data shows that’s not really the case.

According to data collected from the U.S. Department of Education, more than half of federal student loan borrowers are now age 35 or older. Plus, borrowers in those older age brackets hold around two thirds of the total outstanding federal student loan balance in the country.

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