People 60 and older owed an estimated $66.7 billion in student loans, according to a report by the Consumer Financial Protection Bureau. Nearly three-quarters of senior borrowers said their loans were for a child or grandchild’s higher education. File photo by Genaro Molina MCT
People 60 and older owed an estimated $66.7 billion in student loans, according to a report by the Consumer Financial Protection Bureau. Nearly three-quarters of senior borrowers said their loans were for a child or grandchild’s higher education. File photo by Genaro Molina MCT

College education loans hurting parents, grandparents

January 13, 2017 6:00 AM