Tag: debt
A dramatic increase in 1993 in how much parents are permitted to borrow from the federal government for their children’s college is coming home to roost. Since then, average debt through the parent PLUS loans has more than tripled, adjusted for inflation, according to a Brookings Institution report. About one in 10 parents owe mor…
As the outlines of the student loan crisis were coming into focus, this blog featured a video of new college graduates dazed and bewildered by the size of their monthly loan payments and the intrusion on their lifestyles. Beth Kobliner, a personal finance speaker and journalist, has a surefire antidote: talk to your teenager early and…
