Retired grandmother still owes $108,000 in student debt 40 years later

In 1986, Nancy Peter took out a student loan to finish her Psychology degree at Mundelein College. She took out another loan to go to grad school at Loyola University in Chicago and has worked as a therapist for nearly 40 years. But the now 71-year-old retired grandmother of two owes six figures, more than triple the initial amount of money she borrowed.

Retired grandmother still owes $108,000 in student debt 40 years later. See story here.