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| Middle aged people return to school |
An analysis by Reuters finds that “middle-aged borrowers are piling up student debt faster than any other age group,” with debt for those aged 35-49 increasing by nearly 50 percent in the last three years.
The reason for this debt explosion is that “the tough economy has
pushed people to seek mid-career training,” while more people are
attending for-profit colleges, which push students to pile up larger
debt loads. (HT: Jordan Weissmann)
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