It's easy to think of student debt as a young person's problem. But actually, the number of people aged 60 and older who carry student loan debt has increased six-fold since 2004.

The reality is that many older people end up with student loans because they either defer their payments repeatedly or take on new debt later in life to finance their kids' education. But retiring with student loan debt could have serious consequences. Here's what might happen if you close out your career with a pile of loans you're still on the hook for.

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Source Fool.com