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12-23-2008, 09:31 AM
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College loan ignorance; parents stuck
Parents share load of kids’ college borrowing - BostonHerald.com
Overdue college loan payments up as amounts, interest rates rise - BostonHerald.com Student: ’No way we can pay’ - BostonHerald.com Michelle Misiaszek: ’Drowning in debt at 26’ - BostonHerald.com These articles are a quick read. I can't imagine a parent paying for adult kids' college loans! 
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12-24-2008, 05:46 AM
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I think a big problem, as evidenced in this article, is that students and parents are taking out huge loans to go to costly schools to get degrees in fields that aren't that high-paying. Borrowing $100,000 to become a doctor who will earn that much and more makes sense. Borrowing $100,000 to become a teacher who will earn $40,000 doesn't make sense. Borrowing $100,000 to get a philosophy degree and probably no job as a result is just insane.
People need to give the whole college thing a little more thought before signing the loan agreements. Will it be worth it? Will they have the means to repay what they are borrowing?
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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