STUDENT LOAN DEBT INCREASES BY 47% FOR 35 T0 49 YEAR OLDS

The Great Recession has resulted in many unemployed middle age individuals going to College to obtain new knowledge and skills and hopefully a job.

Reuters recently reported on an analysis it did of 3 million credit reports on middle aged individuals (35-49 year old).   This group had a staggering 47% increase in student loan debt over the last three years.  Many middle age individuals without jobs go to college hoping that the new skills they obtain will result in a well paying job.  For some--this is a wise investment.  But others have taken on a large debt burden without a material increase in their job prospects. http://www.reuters.com/article/2011/12/27/us-studentdebt-middleage-idUSTRE7BQ0T620111227