August 6, 2012

HIGHER EDUCATION BUBBLE UPDATE: Families Make Big Changes To Pay For College.

“I think I’ve maybe mortgaged my future in ways that I couldn’t have imagined when I went back to school.”

She has no savings, no money put away for retirement and is thinking of taking on a second job to pay off her kids’ loans.

And she even has a little bit to pay off in student loans from her first degree — from 1996.

Despite her family’s growing student loan debt, O’Brien still believes in the value of a college education. She says it was her first degree — in French and international studies — that taught her how to think critically. And she wants the same for her kids.

Hmm. Did it?

A little inexpensive reading material could prevent this.

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