Posted at 12:47h
At 69, she is nevertheless paying down $12,000 of pupil financial obligation — including away from her personal safety checks. It is not only a millennial issue.
About 222,140 Texans many years 60 and older had education loan financial obligation in 2017, holding a median load of $15,754, relating to federal federal government information.
Lynda Sue Costley, 69, got a drafting level from Amarillo university years ago and came back to simply take classes in design computer pc software. She actually is in standard on student education loans she took out of the authorities. Eddie Gaspar/The Texas Tribune
AMARILLO — If 69-year-old Lynda Sue Costley would like to shower, she's got to visit a house that is friend’s. Her trailer, on a gravelly road outside Amarillo, hasn’t had operating water since 2014 — whenever her spouse passed away from cancer tumors. She invested the tiny cost savings she had on their care that is medical stated, and containsn’t repaired the rush pipe.
Costley works in your free time at a meals bank, making $7.25 a full hour, and stated she extends every buck she's got. But each month, she gets a page within the mail saying the government is withholding $134 from her personal safety checks — the same as 18 hours of work.
Like death and taxes, Costley are dealing with another certainty in life: her student education loans.
Although she attended college decades ago and made payments whenever she could, Costley’s financial obligation moved into standard, distended with accrued interest and been turned up to a group business.