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

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

About 222,140 Texans many years 60 and older had education loan financial obligation in 2017, carrying a median load of $15,754, relating to federal government data.

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

AMARILLO — If 69-year-old Lynda Sue Costley would like 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 spouse passed away from cancer tumors. She invested the small cost cost savings she had on their care that is medical stated, and it hasn’t fixed 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 that is federal 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.

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 nearly $12,000 for classes she went to within the 1980s and 1990s — and her stability is still padded by interest in addition to financial obligation collector’s expenses.

“ I know I’ve got to back pay it; it requires to be reimbursed, ” said Costley. “once I have the cash, i shall. ”

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