Older Millennials Crippled by Student Loan Debt
Student loan refinancing can help ease the burden.
According to a recent survey, nearly 70% of millennials between the ages of 33 and 40 have student loan debt and approximately 40% still owe about half of the total balance.1 Burdensome student loan debt affects their ability to purchase homes, save for emergencies, and plan for retirement, leading to lower lifetime savings rates and less opportunity to build wealth. It delays some from starting families and prevents others from taking personal and professional risks. Lean more about how student loans are affecting older millennials here.
If you’re among the many feeling crippled by student loan debt, refinancing your student loans can help you manage your loans more efficiently – and in some cases, save you thousands of dollars in interest payments.
1“For many older millennials, student loan debt delayed buying homes, starting families and pursuing creative career.” CNBC.com, shttps://www.cnbc.com/2021/04/06/student-loans-affected-older-millennials-homes-families-careers.html