Elderly student loan borrowers owe $121 billion. They ask Biden for relief.

[MichMan]

4. What children would let their elderly parents get stuck with loans they took out for them ?

The $230,000 in student loan debt Becki Wells, 63, owes is from putting both her children through college. Although her son and daughter took out loans of their own to attend Howard University and Temple University, respectively, they still needed additional financial support to graduate.

“I was in a vulnerable position,” Wells said, as the rally wrapped up. “It’s not that I don’t take responsibility ... but I do need a hand. Educating my children was an investment in this country. They’re taxpayers. They’re productive.”

Wells said she has never missed a student loan payment since she began making them in 2015. To keep her monthly payments manageable, she withdrew money from her retirement account to lower the balance of her education debt. Still, Wells sees no viable path to paying off what she owes.

I wouldn't have let my mother go into debt like that just so I could attend an out of state expensive college. Lots of more affordable options that wouldn't have put her in that situation. Both those colleges mentioned cost over $30k per year in tuition alone. They could have attended a local state college for half of that amount.