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DEBT DIARIES: Read 19 stories of Americans on the student-debt hamster wheel that borrowers of all ages and incomes can t escape

The $1.7 trillion student-debt crisis in the US continues to grow, making the burden heavier for millions of Americans. Since March 2020, as part of

Stories of the Student-Debt Hamster Wheel Borrowers Can t Escape

Inside Older People s Battles to Access Student-Debt Relief

ROBYN BECK/AFP via Getty Images Over 8 million borrowers over age 50 hold 22% of the federal student-debt load, or $336.1 billion. Insider spoke with borrowers with debt burdens they fear won t be paid in their lifetimes. One borrower started with $79,000 in debt, paid $175,000, but still has a balance of over $200,000. At 59 years old, David Wise has $236,485 of outstanding student loans, according to documents reviewed by Insider. That s after making about $175,000 in payments over four decades. He said that when he graduated from law school with the goal of becoming a public-interest lawyer, his debt load stood at about $79,000, and he had initially taken out just $7,500 in loans when he entered undergraduate school in 1981.

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