An Invisible Cost of College: Parental Guilt
Is it any wonder that plenty of people are tempted to borrow a whole lot of money to send their kids to college?
In The News Piece in The New York Times
Feb. 3, 2021
Kevin Carey and his article about Parent PLUS loans were mentioned in a New York Times article about the parental guilt of college spending.
But it’s hard not to feel inadequate when we learn that some of the schools they view as candidates are impossibly unaffordable for us. What must our own children think about that? It is probably best to address the question directly before they even wonder, perhaps before high school starts. This is especially true if you do not want to end up among the group of parents that, as Kevin Carey recently reported in The Upshot, now owes around $100 billion in outstanding federal Parent PLUS loans.
Read the full article here.