A 73-year-old retired child welfare worker is facing the reactivation of a 40-year-old student loan debt. Despite her advanced age and fixed income, she has been notified that her debt obligations are resurfacing. When seeking assistance, she was reportedly advised to “move to a cheaper state” to manage her financial situation better. This case highlights the complexities and challenges faced by retirees burdened with long-standing debts, raising questions about the fairness and sustainability of current debt collection practices.
— new from Fortune
