At 69, she actually is nevertheless paying down $12,000 of pupil financial obligation — including away from her personal protection checks. It is not simply a millennial issue.

At 69, she actually is nevertheless paying down $12,000 of pupil financial obligation — including away from her personal protection checks. It is not simply 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, according to federal federal government data.

Lynda Sue Costley, 69, got a drafting level from Amarillo university years ago and gone back to simply simply just take classes in design computer software. She actually is in standard on student education loans she took out of the government that is federal. Eddie Gaspar/The Texas Tribune

AMARILLO — If 69-year-old Lynda Sue Costley really wants to shower, she’s got to visit a friend’s home. Her trailer, for a gravelly road outside Amarillo, hasn’t had operating water since 2014 — whenever her husband passed away from cancer tumors. She invested the small cost cost cost savings she had on their health care bills, she stated, and containsn’t repaired the rush pipe.

Costley works in your free time at a meals bank, making $7.25 hour, and stated she extends every buck she’s got. But each month, she gets a page into the mail saying the government is withholding $134 from her personal safety checks — the same as 18 hours of work.

Like death and fees, Costley can be dealing with another certainty in life: her student education loans.

She could, Costley’s debt has gone into default, swollen with accrued interest and been turned over to a collection company although she attended college decades ago and made payments when. She’s had her wages garnished and her tax refunds withheld. Nearing 70, she still prosper loans interest rates owes almost $12,000 for classes she went to within the 1980s and 1990s — and her stability is still padded by interest additionally the financial obligation collector’s expenses.

“ I know I’ve got to back pay it; it requires to be reimbursed, ” said Costley. Read more