You may be familiar with the current state of college loan debt and how it impacts students – but this study evaluates how loans affect parents. https://www.collegeconfidential.com/articles/parents-and-college-loan-debt/
plus loans w/4.4% origination fee? That’s obscene.
I suspect that many of these parents won’t be able to retire until they’re quite old. They’ll be in dire straits if they end up with a health condition that prevents them from working at some point or their employer gets rid of the older expensive employees.