About 222,140 Texans many years 60 and older had education loan financial obligation in 2017, carrying a load that is median of15,754, based on federal federal government information.
Lynda Sue Costley, 69, got a drafting degree from Amarillo university decades ago and gone back to simply just take classes in design pc pc software. This woman is in standard on student education loans she took right out of the government that is federal. Eddie Gaspar/The Texas Tribune
AMARILLO — If 69-year-old Lynda Sue Costley desires to shower, she’s got to visit a house that is friend’s. Her trailer, on a gravelly road outside Amarillo, hasn’t had water that is running 2014 — whenever her husband passed away from cancer tumors. She invested the small savings she had on their health care, she stated, and it hasn’t fixed the rush pipeline.
Costley works in your free time at a food bank, making $7.25 hour, and stated she extends every buck she’s got. But each month, she gets a letter when you look at the mail saying the government that is federal 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 figuratively speaking.
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 nevertheless owes almost $12,000 for classes she went to when you look at the 1980s and 1990s — and her stability remains padded by interest plus the financial obligation collector’s expenses. Continuer la lecture