Student-loan debt is crippling retirement savings

07/7/2013 | Asbury Park Press (Neptune-Asbury Park, N.J.)

The college debt crisis is putting more of a burden on families as parents tap into retirement funds to help their children pay off their loans, experts say. "It is absolutely a growing phenomenon. They're actually getting their Social Security checks [garnisheed]," said Sandy Shore, community liaison for Novadebt, a nonprofit credit counseling agency.

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Asbury Park Press (Neptune-Asbury Park, N.J.)

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