W3Schools

Love & Money: Parents are borrowing more money for their kids’ college — and struggling to repay it

Love & Money is a new MarketWatch series looking at how money issues impact our relationships with significant others, friends and family.

Parents will do almost anything for their kids, including getting into debt.

Parents are borrowing more money than in the past to pay for their kids’ college and they’re struggling more to repay it, an analysis of government data released this week by the Brookings Institution finds. In 1990, parents borrowed an average of $5,200 per year (adjusting for inflation) through the Parent PLUS program, a federal loan product parents can use to pay for their kids’ college.

>>> Original Source <<<

Comentários